UO2-BeO composite fuel may enable Light Water Reactors (LWRs) to have better safety due to its higher thermal conductivity. Much work have been done on the analysis of UO2-BeO fuel performance during LWRs steady state and Loss of Coolant Accident (LOCA) conditions using hypothetical thermal properties and behaviors models, leading to much uncertainty of the results. In this paper, firstly, fuel swelling and densification models for UO2-BeO fuel were developed based on Halden experiment data. Secondly, UO2-BeO fuel thermal properties and behaviors models have been coded in FRAPCON4.0 and FRAPTRAN2.0 after an evaluation of their applicability to UO2-BeO performance simulation. Then, both UO2-BeO composite fuel and traditional UO2 fuel performance during normal conditions and RIA were done in this paper by modified version of FRAPCON4.0 and FRAPTRAN2.0. Finally, comparisons between UO2-BeO and UO2 performance were conducted. The results shows that the peaking temperature of fuel can be reduced about 200K and 150K during normal conditions and RIA by adopting UO2-BeO, respectively. At the same time, the onset of pellet-cladding mechanic interaction (PCMI) can be delayed about 100days during normal conditions and the weakened PCMI effect can be expected during reactivity insertion accidents (RIA) due to the lower thermal expansion coefficient and temperature distribution for UO2-BeO composite fuel. Also, enthalpy stored in UO2-BeO fuel is reduced about 1/5 compared with that of UO2. However, fission gas release ration of UO2-BeO was a bit larger than that of UO2 due to its higher average burnup. And, further experiments stilled required to gain data for UO2-BeO during high burnup, like possibly reduced thermal conductivity and fission gas release threshold.