In this study, the ductile iron (DI) was heat-treated via austempering and quenching/tempering methods to get the two types of ausferrite (ADI) and tempered martensite (TM) in microstructure. And then dry wear tests and polarization tests were conducted for exploring the effect of microstructure on wear and corrosion behavior of ductile iron. The experimental results showed that ductile iron after austempering and quenching/tempering treatments could be actually obtain the microstructures of both ADI and TM, separately. In the case of wear behavior, TM had the highest hardness and the lowest friction coefficient among the three irons. The order of wear resistance was TM>ADI>DI. In the case of corrosion behavior in 3.5%NaCl solution, ADI had the best corrosion resistance due to with retained austenite in microstructure. The order of wear resistance was ADI>DI>TM.