The combination of cyclopentadiene, β-diketonate and tripyrazoylborate ligands with dysprosium ion afforded five mononuclear compounds: [(Cp)2Dy(Tp*)] (1Dy), [(Cp)Dy(Tp*)Cl(THF)] (2Dy), [(Cp)Dy(Tp)Cl(THF)] (3Dy), [(DBM)Dy(Tp)Cl(THF)] (4Dy), [{(Tp)Dy(DBM)2(H2O)}·THF] (5Dy) (Cp = cyclopentadiene; Tp* = hydrotris(3,5-dimethyl-1-pyrazolyl)borate; Tp = hydrotris(1-pyrazolyl)borate; DBM = dibenzoylmethanoate). Magnetic study revealed that 1Dy and 3Dy exhibited typical butterfly-type hysteresis. AC susceptibility study combined with ab initio calculations indicated that the magnetic relaxation behaviors of 1Dy–4Dy were governed by the Orbach and Raman processes under applied DC field. Moreover, 3Dy showed two-step magnetic relaxation, which was attributed to the static disordering of the coordinated THF molecule. Magnetic anisotropy analysis indicated that it was the relative strength of the interactions between DyIII and surrounding ligands that determined the orientation of the magnetic easy axis.