An electronic device may be provided with an antenna for receiving signals in first and second ultra-wideband communications bands. The antenna may include a shielding ring that runs around first and second arms. The first arm may radiate in the first band and the second arm may radiate in the second band. The first arm may have an end formed from a first segment of the ring and a radiating edge facing the second arm. The second arm may have an end formed from a second segment of the ring and a radiating edge facing the first arm. First and second sets of conductive vias may couple the ring to ground. The first set may form a return path for the first arm. The second set may form a return path for the second arm.