We report the synthesis of WO3, TiO2, and TiO2–WO3 nanoparticles by a polyol route, with the objective of studying the influence of the preparation method on their photochromic properties. By combining transmission electron microscopy, X-ray diffraction, X-ray photoelectron spectroscopy, and diffuse reflectance experiments, we show that low W6+ concentrations and high ripening temperatures allow the preparation of WO3 nanoparticles with high photochromic efficiency. WO3–TiO2 nanocomposites (NCs) prepared by the introduction of a TiO2+ solution in a WO3 nanoparticle suspension exhibit a strong coloring photochromism, which is attributed to the TiO2 coating of the WO3 nanoparticles as it involves the formation of W–O–Ti oxo-bonds in place of W5+–νO defects. Especially, after an oxidative treatment in order to obtain an initial pale-yellow material, such WO3–TiO2 NCs exhibit a fully reversible photochromism with a large contrast between the colored and bleached state. They could therefore be incorporated in hybrid smart films for solar control on building window glasses. On the other hand, while the WO3–TiO2 NCs are functionalized with DPA (n-dodecyl phosphonic acid), the as-prepared nanocomposites exhibit exacerbated coloring contrast but with a nearly nonreversible photochromism (very limited bleaching), which makes them good candidates for the fabrication of smart UV-sensor devices that can indicate the cumulative UV dose which is received.