This paper presents a compact Multiple Input Multiple Output antenna with high isolation and low envelope correlation (ECC) for fifth-generation applications using spatial diversity technique. The proposed MIMO antenna consists of two single antennas, each having size of 13 × 12.8 mm ² , symmetrically arranged next to each other. The single and MIMO antennas are simulated and analyzed. To verify the simulated results, the prototype antennas were fabricated and measured. A good agreement between measurements and simulations is obtained. The proposed antenna covers the 28 GHz band (27.5–28.35 GHz) allocated by the FCC for 5G applications. Moreover, the isolation is more than 35 dB and the ECC is less than 0.0004 at the operating band, which means that the mutual coupling between the two elements is negligible. The MIMO parameters, such as diversity gain (DG), total active reflection coefficient (TARC), realized gain, and efficiency, are also studied. Thus, the results demonstrate that our antenna is suitable for 5G MIMO applications.