Inclusion of two or more distinct fillers (hybrid fillers) in a matrix is envisaged to entail synergetic advantages. This study reports synthesis and property evaluation of a novel hybrid filler-based polymer composite containing two types of fillers with distinct attributes namely mechanical reinforcement and internal lubrication. Poly(tetrafluoroethylene) microparticles (PTFEMP) were synthesized via radiolytic-mechanical degradation and used as an internal lubricant for organoclay (OC) reinforced ethylene vinyl acetate (EVA) matrix. Mechanical hysteresis, nonlinear and linear small amplitude oscillatory shear rheology, morphology, small angle X-ray scattering (SAXS), dynamic coefficient of friction (DCoF), surface wetting and thermoxidative stability of binary and ternary composites were investigated. In EVA/OC composites, PTFEMP acted as an internal lubricant and reduced DCoF in a volume fractiondependent fashion. OC and PTFEMP both increased the mechanical hysteresis of EVA; though the magnitude of hysteresis was much less in PTFEMP. Intriguingly, PTFEMP reduced mechanical hysteresis of EVA/OC composites that is work done during loading and unloading stress–strain cycles was considerably reduced with the inclusion of PTFEMP in EVA/OC composites. SAXS results revealed mass fractals and the presence of an interfacial layer in EVA/OC composites but not in EVA/PTFEMP composites.