The trace of imaginary-time evolution is the canonical partition function of a quantum system. In a coordinate basis it is the integral of the diagonal Euclidean path integral kernel. Inserting a symmetry operator instead gives a weighted thermal trace.
For two equal-frequency quantum harmonic oscillators, the ordinary thermal trace is and the trace with the parity operator is , where . Total excitation has degeneracy and parity . Therefore the traces expand as . The alternating weights come from parity insertion in a bosonic state space, not fermionic statistics.
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