Experiments were conducted to investigate the dynamic buckling behavior of underwater hybrid composite tubes. The study focused on roll-wrapped hybrid layered glass-carbon fiber epoxy composite shells with a six-layer quasi-isotropic layup configuration. In addition to control specimens consisting of fully glass fiber-reinforced polymer and carbon fiber-reinforced polymer, four different hybrid layup patterns were examined. These specimens fitted with custom endcaps were placed inside a 7-kiloliter pressure vessel and subjected to increasing hydrostatic pressure until dynamic implosion occurred. High-speed cameras captured the failure event, and the resulting images were analyzed using Digital Image Correlation (DIC) techniques to obtain full-field displacement data. Additionally, tourmaline pressure transducers positioned around the specimens recorded local dynamic pressure histories. The results revealed that the contribution of each ply location varied in the overall failure behavior of the structures. The thickness of the internal plies played a dominant role in enhancing the structural performance, while the stiffness of the outer plies greatly influenced the bending stiffness. The energy released during the collapse was highly dependent on the failure mechanism of the internal plies. Specifically, for the considered geometries, tubes with glass fiber internal plies exhibited significantly lower energy emissions compared to carbon fiber inner plies.