Intensive resistance exercise can result in exercise-induced-muscle-damage, which commonly leads to reductions in acute muscle function. Post-exercise ingestion of carbohydrate-protein mixtures intends to attenuate these effects. This study aimed to compare the effectiveness of whey protein hydrolysate and milk-based formulated drinks on recovery of muscle function following resistance exercise. Thirty resistance-trained males were randomly assigned to either whey hydrolysate and dextrose drink (WH), milk-based drink (MB) or flavored-dextrose (CHO), and performed baseline assessments of perceived-muscle-soreness, the countermovement jump, the seated-medicine-ball throw and isokinetic assessment of the knee extensors and flexors maximal strength. Subsequently, participants performed resistance exercise consisting of various multi-joint barbell exercises. Following resistance exercise participants then consumed either WH (533 Kcal, 32.6 g Protein, 98.3 g Carbohydrate, 1.1 g Fat), MB (532 Kcal, 32.8 g Protein, 98.4 g Carbohydrate, 0.6 g Fat) or CHO (531 Kcal, 0 g Protein, 132.7 g Carbohydrate, 0 g Fat). All assessments were repeated 24 and 48 h post-resistance exercise. Muscle soreness was markedly increased at 24 h and 48 h in all groups (p < 0.001). However, for dynamic power measures (countermovement jump, seated-medicine-ball throw), CHO experienced a decrease for the countermovement jump only at 48 h, whereas WH and MB experienced significant decreases across the countermovement jump and the seated-medicine-ball throw (p < 0.05). All groups experienced significant decreases in isokinetic-extension torque at both 24 h and 48 h; however, flexion torque was decreased for CHO only at these time points (p < 0.05). Consumption of WH or MB did not enhance recovery of dynamic power-producing ability or soreness compared to CHO. Based on within-group effects WH and MB ingestion had seemingly marginal to small positive effects on recovery of isokinetic strength, however, there were no between-group differences for these variables.