This paper presents research results on the properties of composite materials based on cross-linked grafted copolymers of 2-hydroxyethylmethacrylate (HEMA) with polyvinylpyrrolidone (PVP) and their hydrogels filled with finely dispersed metal powders (Zn, Co, Cu). Metal-filled pHEMA-gr-PVP copolymers in the dry state were studied for surface hardness and swelling ability, which was characterized by swelling kinetics curves and water content. Copolymers swollen in water to an equilibrium state were studied for hardness, elasticity, and plasticity. The heat resistance of dry composites was evaluated by the Vicat softening temperature. As a result, materials with a wide range of predetermined properties were obtained, including physico-mechanical properties (surface hardness 240 ÷ 330 MPa, hardness number 0.06 ÷ 2.8 MPa, elasticity number 75 ÷ 90%), electrical properties (specific volume resistance 102÷ 108Ω⋅m), thermophysical properties (Vicat heat resistance 87 ÷ 122 °C), and sorption (swelling degree 0.7 ÷ 1.6 g (H2O)/g (polymer)) at room temperature. Resistance to the destruction of the polymer matrix was confirmed by the results concerning its behavior in aggressive media such as solutions of alkalis and acids (HCl, H2SO4, NaOH), as well as some solvents (ethanol, acetone, benzene, toluene). The obtained composites are characterized by electrical conductivity, which can be adjusted within wide limits depending on the nature and content of the metal filler. The specific electrical resistance of metal-filled pHEMA-gr-PVP copolymers is sensitive to changes in moisture (with a moisture increase from 0 to 50%, ρVdecreases from 108to 102Ω⋅m), temperature (with a temperature change from 20 °C to 175 °C, ρVof dry samples decreases by 4.5 times), pH medium (within pH from 2 to 9, the range of ρVchange is from 2 to 170 kΩ⋅m), load (with a change in compressive stress from 0 kPa to 140 kPa, ρVof swollen composites decreases by 2–4 times), and the presence of low molecular weight substances, which is proven by the example involving ethanol and ammonium hydroxide. The established dependencies of the electrical conductivity of metal-filled pHEMA-gr-PVP copolymers and their hydrogels on various factors, in combination with high strength, elastic properties, sorption capacity, and resistance to aggressive media, suggest the potential for further research as a platform for the manufacture of sensors for various purposes.