Two kinds of cermet powders, WC-10Co4Cr and WC-20CrC-7Ni, were deposited on 1040 steel via high velocity air fuel (HVAF) spraying to evaluate resistance in cavitation erosion conditions with additional electrochemical effects. Coating microstructure, phase composition, and microhardness were examined along with the topography of eroded surface layers. The cavitation resistance of the WC-20CrC-7Ni coating was found to be approximately 1.3 times greater than that of the other coating, which can be attributed to its finer grain structure, lower pore density, and the presence of high Cr and Ni content in the feedstock powder which serves to strengthen the matrix.