The invention discloses a material having cooperative frequency light conversion performance, and a preparation method and application thereof. The material having cooperative frequency light conversion performance has the molecular formula: YxYby(sigma Ln)zF3, wherein x is not less than 0 but less than 1, y is more than 0 but less than 1, z is more than 0 but not more than 0.50, Ln is any one or more than one of the rare earth elements including Ce, Tm, Er, Ho, Dy, Tb, Gd, Eu, Sm, Nd and Pr. The preparation method of the material having cooperative frequency light conversion performance is any one of the group consisting of conventional high-temperature solid phase method, hydrothermal synthesis method and co-precipitation method. The fluoride material having cooperative frequency light conversion performance according to the invention realizes the combination of two mechanisms, i.e. upper conversion and quantum cutting lower conversion, effectively converts ultraviolet and infrared lights into a visible light at certain frequency simultaneously while the reinforcement twice as much as the intensity of the visible light at the frequency is obtained, and has the advantages of low cost, simple and convenient synthesis method and batch production.