A low-loss, high-efficiency, broadband antenna including both electric and magnetic dipole radiators is provided herein. The broadband antenna may be referred to as a “P×M antenna” and may generally include a ground plane; a magnetic radiator formed within the ground plane; a conductive feed arranged within a first plane, which is parallel to the ground plane; and an electric radiator arranged within a second plane, which is perpendicular to the ground plane and coupled at one end to the conductive feed. According to a particular aspect of the invention, the electric and magnetic radiators are substantially complementary to one another and are coupled for producing a P×M radiation pattern over a broad range of operating frequencies. One advantage of the P×M antenna described herein is that the complementary antenna elements are combined without the use of a lossy, resistive matching network, thereby increasing the efficiency with which the P×M radiation pattern is produced.