Hot section components of gas turbines are exposed to a high operating temperature environment. To protect these components, thermal barrier coatings (TBC) are applied to their surfaces. Yttria-stabilized zirconia (YSZ), which is widely used as a TBC material, faces limitations at temperatures above 1200 °C. To mitigate these issues, research has focused on adding lanthanide rare earth oxides and tetravalent oxides to prevent the phase-transformation of the monoclinic phase in zirconia. This study investigated the effects of varying TiO2 content in Nd2O3 and Yb2O3 co-doped YSZ composites. Increasing TiO2 content effectively suppressed formation of the monoclinic phase and increased the thermal degradation resistance compared to YSZ in environments over 1200 °C. These findings will aid in developing more thermally stable and efficient TBC materials for application in high-temperature environments.