The attempt for the addition of double-phase nanocomposite $Nd_2Fe_{14}BFe_3B$ powders, respectively, into several $RE_2Fe_{14}B$(RE=Pr, Nd) powders with high magnetic properties was carried out. The powders were compounded and compressed to take shape bonded magnets. By means of investigating the variation of compound magnet $B_r$, the interaction between magnetic powders was revealed. The result shows that not chemical just but physical interaction exists between elements. The compound effect of $Nd_2Fe_{14}BFe_3B$-ferrite bonded magnets was detailed studied. The functional relation was revealed between magnetic properties and ferrite content. That is $Y = 5.42 x^2 -11.34x + 6.62$. The variation of $_iH_c$ temperature coefficient ${eta}_{iHc}$ with ferrite content was investigated. Following the ferrite content increased, ${eta}_{iHc}$ and $h_{irr}$ were obviously decreased, compression-resistant strength was enhanced.