The invention belongs to the field of 
magnetic refrigeration alloys in high-entropy materials, and relates to a 
magnetic refrigeration HoxTbyMz high-entropy 
alloy and a preparation method thereof. The high-entropy 
alloy has a 
chemical formula of HoxTbyMz; the atomic percents of all components are as follows: x not more than 35 and not less than 5, y not more than 35 and not less than 5, wherein M is one or more in Gd, Ce, Pr, Nd, Pm, Sm, Eu, Gd, Dy, Er, Tm, Yb, Lu and Y, Z not more than 90 and not less than 30, and x+y+z=100; and the high-entropy 
alloy material is formed under general vacuum suction 
casting conditions, is low in heat 
hysteresis effect, has magnetic entropy change even exceeding 
metal Gd and high 
magnetic refrigeration capacity, can reach a highest 
refrigeration temperature section of 190 K, and is an excellent magnetic 
refrigeration material near the room-temperature range. The high-entropy alloy is broad in application prospect and unique in purpose in such daily life goods with high quantity and wide application as household magnetic refrigerators and household magnetic air conditioners and in the national defense field.