The sequential layout of a portable ultra-wideband (UWB) monopole antenna, transforming into a compact band-notch (3.15–4.3 GHz rejecting the Wi-Max and the C-Band) multiple-input multiple-output (MIMO) antenna is described in this paper. The diversity layout is designed within a compact size of 39 (l) × 18 (W) mm2. Due to the opposite orientation of the two radiators in the diversity configuration and the use of a rectangular parasitic strip near the feed lines, high and wideband isolation (of >20 dB) is attained over the entire UWB spectrum. The proposed layout depicts a stable omnidirectional radiation pattern and a maximal gain of 1.82 dB. The envelope correlation coefficient (ECC) is found to be below 0.18 for the entire UWB spectrum. Empirical verifications in terms of vital diversity parameters and analogy with competing layouts strengthen the candidature of the intended MIMO layout for UWB wireless portable applications.