AbstractThe goal was to evaluate the hysteretic performance of buckling‐resistant braces with low yield point steel LYP160, the monotonic tensile and cyclic loading tests of LYP160 test specimens were conducted and the cyclic constitutive relationship was obtained. According to the load–displacement curves of the specimens, the low‐yield point steel was characterized by good ductility and energy absorption ability. With consideration of the Chaboche model for the materials, the cyclic hardening parameters of low‐yield point steel were obtained. On this basis, the hysteretic properties of buckling‐resistant braces under cyclic loads were simulated and analyzed. After the analysis and comparison of buckling‐resistant braces specimens with isotropic core plate and segmented variable section core plate, it can be found that: when the conventional buckling‐resistant braces with an isotropic core plate were loaded to L/100, the lateral deformation of the buckling‐resistant brace (BRB) would reach 17 mm. Additionally, serious squeezing could be observed on the lateral restraining members. The conventional BRB would become ineffective due to the accumulation of deformation at both ends of the BRB. When the segmented buckling‐resistant brace was applied, the core plate with variable section would buckle first in the middle area, other parts could continue to consume energy thanks to the action of the limit plate. It would avoid the situation that other areas would be unable to consume energy after the core plate yields at one area first. Under the action of cyclic loads, no stiffness degradation was noted in the segmented buckling‐resistant brace. Segmented buckling‐resistant braces demonstrated superior ductility and energy dissipation capacity.