"Most" hybrids increase toughess over a single reinforcement type (there may be ones that I'm unaware of with different purposes plus what I've noted below). The toughness may increase strength after a low speed impact has made a dent, or it may be more for strength after a high speed impact has made a hole. The roughly 50:50 carbon and E-glass hybrid used for composite helicopter rotor blades by (at least) one manufacturer was/is mainly the latter, with battle damage from a 20 mm cannon shell being resisted much better than pure carbon. Although there is not much information available, carbon/aramid hybrids are rumoured to have a similar effect. The carbon and E-glass materials were prepregs and wet out was not a problem, that I ever heard. Not entirely sure why someone would hybridise nice cheap glass with expensive aramid. You could get higher tensile strength and stiffness with lower compression strength, all with lower density. Maybe you'd also improve toughness and compression strength might be adequate. It might also be a bullet resistance issue, where resistance to penetration rather than performance after penetration matters.
There are other hybrids experimented on such as a layer of threads of SMA (shape memory alloy) in carbon (SMA can have a very high elastic strain and plastic strain to failure, as can Toyota's Gum Metal). As well as increasing laminate toughness, 10% volume fraction of these metallic threads can also conduct electricy, greatly increasing resistance to damage by lightning, especially if they are in the outermost ply. Fibre metal laminates (FMLs) also hybridise metal and continuous fibre polymer composite (the classic example being Glare). As well as almost removing lightning strike damage as a source of concern these also modify the low speed impact behaviour, making it very easy to spot a dent before it is dangerous damage.
For something like carbon/glass or carbon/aramid putting both fibres in the same ply is a natural thing to do if the technique is affordable (I'd have thought it was petty easy for a well set up weaver/converter). Intuitively one can visualise it making a more finely mixed material maybe with more toughness (if it worked). I can see it being awkward to set up such that both material threads were the same thickness, but surely not a severe problem for an able converter.
NB: toughness is a bit of an emergent property and is very hard to predict from knowledge of the toughness of laminates made of all one fibre type. E.g., see
and click the Impact Demo button for a video. This is a hybrid of ordinary high strength (HS, aka standard modulus) carbon and ultra low modulus (ULM) carbon fibre. A lot of hybrids seem to rely on getting more of one materials' beneficial properties than the other one's disadvantageous ones. You can never tell (well, I can't) which may be most advantageous.