The invention relates to a high-performance copper alloy, and belongs to the field of copper alloy materials and powder metallurgy. The copper alloy comprises Cu, Cr, Zr and M according to the mass percentages of 0.1% to 5.0% of Cr, 0.1% to 5.0% of Zr, and 0.05% to 0.5% of M. M is composed of Re and at least two elements of Mg, Ag, B, Ga, Si, Li, Ti, Fe and Mn. RE is composed of at least three elements of Ce, La, Yb, Pr, Nd and Sm. According to the high-performance copper alloy, the Cu-Cr-Zr-M copper powder is prepared by adopting a gas atomization technology, a supersaturated solid solution with uniform ingredients and fine microstructures is obtained, then the powder is subjected to extrusion molding with a powder sheath and heat treatment, and the Cu-Cr-Zr-M copper powder with excellentperformance is prepared. The high-performance copper alloy is reasonable in component designing, and simple and controllable in preparation technology, a product is good in performance, and large-scale industrial application is facilitated.