A portable apparatus of measuring a wireless channel and a multiple antenna correlation, the apparatus including: a Radio Frequency (RF) unit to control a frequency of a signal to be measured, to broadcast the signal to be measured through multiple transmission antennas, to control a frequency of a received signal, and to send the received signal to the baseband unit, the received signal being received through multiple receiving antennas; and a baseband unit to generate and transmit, to the RF unit, the signal to be measured, to measure wireless channels for each of the multiple transmission antennas and wireless channels for each of the multiple receiving antennas based on the received signal output from the RF unit, to calculate a correlation for each of the multiple transmission antennas, and to calculate a correlation for each of the multiple receiving antennas based on the wireless channels for each of the multiple transmission and receiving antennas.