In the present research, the Nb-Si-Ti-Cr-Al-Ta-Hf alloys with different Ho addition were prepared. Their microstructure, compressive properties and oxidation behaviors were investigated preliminarily. The results exhibit that the Nb-Si-Ti-Cr-Al-Ta-Hf alloy has coarse microstructure which is mainly composed of Nb solid solution, Nb₅Si₃ and Ti₅Si₃ phases. The minor Ho addition could refine the microstructure and suppress the precipitation of Ti₅Si₃ phase. Moreover, the Ho addition also leads to the formation of Ho₂Hf₂O₇, which prefers to precipitate along the Nbss/Nb₅Si₃ phase interface. Compared with the Nb-Si-Ti-Cr-Al-Ta-Hf alloy, the minor Ho addition improves the room-temperature and high-temperature compressive properties of the alloy. Its room-temperature compressive strength and ductility obtain the maximum value of 1825 MPa and 16.5% when the Ho content is 0.1 at.%. Moreover, its best compressive strength at 873 K, 1273 K and 1473 K is 1495 MPa, 765 MPa and 380 MPa, respectively, when the Ho addition is 0.1 at.%. The oxidation behavior of the Nb-Si-Ti-Cr-Al-Ta-Hf alloy is diversified with the Ho addition. The oxidation rate of the alloy with 0.1 at.% Ho addition is the lowest while the alloy with 0.2 at.% Ho addition is the highest. Therefore, the 0.1 at.% Ho would be the appropriate content for the Nb-Si-Ti-Cr-Al-Ta-Hf alloy.