In this article, a hybrid (dielectric resonator–graphene) MIMO antenna is presented and investigated at THz frequency. The unique properties associated with this antenna design are (i) CP waves are generated with the help of stair-shaped slot excitation; (ii) change in chemical potential of graphene creates the tunability in the proposed design structure; (iii) use of the metallic wall in between the antenna ports slants the far-field pattern by ± 30 deg, providing pattern diversity; and (iv) mirror image of the aperture introduces the concept of polarization diversity. The proposed antenna works between 4.65 and 5.71 THz with CP waves in between 5.25 and 5.5 THz. Polarization and pattern diversity help to improve the diversity performance of designed antenna. Good gain value and stable radiation pattern make the proposed antenna suitable for THz sensing applications.