A segregating site is a position at which at least two states occur in the sampled chromosomes. Under an infinite sites mutation model, mutations below the sample's common ancestor correspond one-to-one to segregating sites. Their number is commonly denoted .
For a neutral sample of size under the infinite sites mutation model, the Watterson estimator is , where . Since the coalescent has , this estimator is unbiased. It matches the observed segregating-site count to its expected value, but need not maximize the exact segregating-site likelihood under the neutral coalescent.
For fixed , a geometric mutation count in a coalescent epoch with mean has third moment . The centered absolute third moment is at most , so its sum is . The total variance is asymptotic to , making the Lyapunov condition with hold. Rescaling by the harmonic sum gives the displayed limit. At the estimator is identically zero and the limit is degenerate. The variance of the Watterson estimator decreases only logarithmically with sample size at a fixed nonrecombining locus.
The moments of the mutation count on a neutral coalescent tree give this variance for . Since and the sum of inverse squares is bounded, it tends to zero. Together with unbiasedness, this gives mean-square convergence to the mutation parameter, so it is a consistent estimator.

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