Electronic devices may be provided that contain wireless communications circuitry. The wireless communications circuitry may include radio-frequency transceiver circuitry with first and second ports that are coupled by switching circuitry to first and second antennas. A first receiver in the transceiver circuitry may be associated with the first port and a second receiver in the transceiver circuitry may be associated with the second port. An electronic device may be operated in a single receiver mode in which only one of the receivers is active to conserve power or a dual receiver mode in which signals from both antennas may be received in parallel to compare antenna performance. Based on antenna performance metrics, the electronic device may adjust the switching circuitry to ensure that an optimal antenna is being used.