Four alternative fuels (AF) were blended with ultralow sulfur diesel (ULSD) at five different proportions (10, 20, 30, 50, and 100 vol % AF) to create 20 binary mixtures in this work. Two renewable jet AFs and two renewable diesel AFs were investigated. Interactions between the components in the mixtures were analyzed by means of spectroscopy (Raman, near infrared), thermophysical (thermal diffusivity, thermo-optic coefficient), and physical (density) techniques. Correlations among the data were investigated using principal component analysis and partial least-squares regression. Trends in Raman intensities and band positions as well as thermophysical properties showed that the AF/ULSD blends resembled two-component mixtures despite the known complexities of the constituents. Specifically, spectra combined according to the percentages of the components in each mixture; thermophysical and physical properties exhibited similar behavior. The spectra showed strong correlations with all three physical properties, creating the possibility for predicting the properties of similar AF/ULSD mixtures. These properties are governed by the chemical compositions of the fuels.