Inherent brittleness, which easily leads to crack formation and propagation during use, is a serious problem for protective ceramic thin-film applications. Superlattice architectures, with alternating nm-thick layers of typically softer/stiffer materials, have been proven powerful method to improve the mechanical performance of, e.g., cubic transition metal nitride ceramics. Using high-throughput first-principles calculations, we propose that superlattice structures hold promise also for enhancing mechanical properties and fracture resistance of transition metal diborides with two competing hexagonal phases, a and ?. We study 264 possible combinations of a/a, a/? or co/co MB2 (where M = Al or group 3-6 transition metal) diboride superlattices. Based on energetic stability considerations, together with restrictions for lattice and shear modulus mismatch (?a < 4%, ?G > 40 GPa), we select 33 superlattice systems for further investigations. The identified systems are analysed in terms of mechanical stability and elastic constants, C-ij, where the latter provide indication of in-plane vs. out of-plane strength ( C-11, C-33 ) and ductility ( C-13 - C-44, C-12 - C-66 ). The superlattice ability to resist brittle cleavage along interfaces is estimated by Griffiths formula for fracture toughness. The a/a-type TiB2 /MB2 (M = Mo, W), HfB2/WB2, VB2/MB2 (M = Cr, Mo), NbB2/MB2 (M = Mo, W), and a/?-type AlB2/MB2 (M = Nb, Ta, Mo, W), are suggested as the most promising candidates providing atomic-scale basis for enhanced toughness and resistance to crack growth.