A compact dual-band MIMO antenna is provided, including: a system ground unit, a radiation arm having an open-circuit end and a short-circuit end, a first antenna formed at the open-circuit end and a second antenna formed at the short-circuit end. The first antenna includes a grounding arm connecting the radiation arm with the system ground unit, a first feeding arm located between the grounding arm and the open-circuit end, and a first parasitic arm connected to the system ground unit. The second antenna includes a second feeding arm located between the short-circuit end and the grounding arm, and a second parasitic arm connected to the system ground unit. Compared with the related art, the present invention has following beneficial effects: the antenna has compact and simple structure, high isolation, excellent performance in dual bands, a small volume and a light weight, and it is convenient for mass production.
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