Research on the performance of polarization-maintaining fiber (PMF) for fiber coils is significant for the precision improvement of an interferometric fiber optic gyroscope (IFOG) working in harsh environments. In this paper, we firstly report analytical models of the fiber polarization theory and present two types of hybrid PMF structures by a collaboration of geometry and stress effects: a Panda-type horizontal-elliptical core PMF (Panda-type HE-PMF) based on a superposition of geometry and stress, and a Panda-type longitudinal-elliptical core PMF (Panda-type LE-PMF) with geometry offset stress effect, achieving enhanced and suppressed modal performance by adjusting geometric anisotropy of elliptical-core in different directions. Then, the influence mechanisms of the geometric birefringence on the modal performance of both PMFs as the variation of fiber structural parameters are investigated via numerical simulations to determine the target fiber designs. The other significant attribute, including effective mode area (Aeff), nonlinear coefficient (γ), and chromatic dispersion (D), and their tolerance to PMF parameter fluctuations are also evaluated. Finally, both target PMFs with structural optimization are practically fabricated and wound into four fiber coils with quadrupolar (QAD) and 16-polar symmetrical winding patterns, respectively. The polarization ability and thermal performance are further demonstrated by experiments conducted on both PMFs, wound fiber coils, and built IFOGs under static and dynamic environments (over a wide temperature range of -40 °C to 70 °C), and compared with a conventional PMF. The testing results suggest that designed HE-PMF coils both achieve high birefringence, static extinction ratio (ER) values of up to 30.80 dB and 31.93 dB, respectively, corresponding to an almost one-fold increase over conventional coils. Remarkably, the ER property of the HE-PMF coil by combining this HE-PMF design and a 16-polar winding pattern consistently remains above 29.5 dB with a minimal fluctuation in ER of only 3.0 dB across the entire variable temperature conditions. The bias stability of the IFOG assembled with this coil is strongly enhanced to 0.0019 °/h and 0.082 °/h under static and dynamic conditions, respectively, which is a significant improvement over conventional coils of 0.136 °/h. Also, the static angle random walk performance of the improved IFOG is reduced to 0.000624 °/√h. In contrast, the LE-PMF as a comparison is shown to limited polarization characteristics with a low birefringence and ER due to the suppression effect of the geometric birefringence, and the applied IFOG output also exhibits larger drift, indicating a poor thermal ability. Experimental results show great agreement with theoretical analysis and numerical simulations, confirming the validity of design principles. The advances in both designs are instructive for the engineering applications of PMFs for IFOGs and for improving the accuracy of fiber sensors.