The novel self-centering energy dissipation brace composed of disc spring group and wedge block group (DW-SCB) is introduced. The working mechanism of the DW-SCB and the force mechanism of each component are described. The stress analysis of the disc spring group (DSG) and the wedge block group (WBG) were carried out, and the DW-SCB theoretical prediction model was established. Three specimens with different disc spring preload lengths were fabricated, tested, and discussed. Furthermore, the established theoretical model was verified, and the theoretical model correction method considering the processing and assembly errors of the DSG was proposed. The tested data show that the hysteresis curve of DW-SCB is a typical flag shape, and there is almost no residual displacement after multiple loading. An increase in the preload length of the disc spring increases the yield load and bearing capacity of the DW-SCB but has no change on the stiffness of DW-SCB. All the components of the three specimens were not damaged after multiple loadings, which show that the DW-SCB has stable multiple seismic performance and recoverability. Significant, although the machining error of the disc spring leads to a large error between the experimental and theoretical curve of the DSG, the error correction method of the DSG proposed in this study can improve the prediction accuracy of the theoretical model, making the DW-SCB theoretical prediction model more accurate and reliable. The theoretical model considering the error of DSG can better predict the stiffness and load of DW-SCB, which can provide a reference for engineering design and application.
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