A series of high-density polyethylene and a statistical copolymer of poly(propylene-co-ethylene) blends in a wide range, namely (0, 10, 20, 30, 40, 50, 60,70, 80, 90, 100) abbreviated as HDPE/VM were systematically investigated by using a rheometer, differential scanning calorimetry (DSC) measurements, polarized optical microscopy (POM) and tensile tests. Rheometer results show that adding VM decreases dynamic viscosity, storage, and loss modulus. Han plot shows that HDPE and VM are compatible and miscible in the range from 20 to 60 VM % in the molten state. DSC results show little nucleation effect of VM on HDPE (HDPE’s melt crystallization temperature shifts 2 °C higher). Moreover, a linear composition dependence of ∆cp ∆Hc, ∆Hm shows that PE and VM are most probably compatible in the molten state in composition range from 20 to 60%. However, upon crystallization, the VM and PE domains occur distinctively. The results of the tensile tests demonstrated a decrease in elastic modulus, yield stress, and ultimate tensile strength as VM content increased. At low VM content (less than 20%), high elongation at break was detected for the blends, and very fine spherulites of HDPE were found across the sample by POM.