A new two-element multiple-input multiple-output (MIMO) antenna with low correlation and high port isolation is presented. First, two hybrid electromagnetic band gap (EBG) structures with the ability to support and stop surface wave propagation, respectively, are utilized simultaneously for achieving an extremely low envelope correlation coefficient (ECC). Then, based on studying of the ground current of the MIMO antenna with EBG structure, a new defected ground structure (DGS) is used to reduce the mutual coupling by controlling the polarization of the coupling field. The two antenna elements have an edge to edge spacing of 0.13λ where λ is the free space wavelength at the resonant frequency. Finally, the rectangular slots are introduced to the patch to improve the cross polarization. Experimental results show that the ECC of the MIMO antenna is lower than 0.002. Furthermore, the maximum mutual coupling (MC) reduction of 22dB can be achieved within the working bandwidth. All of above make the MIMO antenna a potential candidate for mobile terminal-based MIMO antenna systems. INDEX TERMS Multiple-input multiple-output (MIMO) antenna, envelope correlation coefficient (ECC), defected ground structure (DGS), electromagnetic band gap (EBG).