Remember that in the absence of mutation
So where do we go from here? Well, if you think about it, mutation is always introducing new alleles that, by definition, are different from any of the alleles currently in the population. It stands to reason, therefore, that we'll never be in a situation where all of the alleles in a population are identical by descent as they would be in the absence of mutation. In other words we expect there to be an equilibrium between loss of diversity through genetic drift and the introduction of diversity through mutation.2 From the definition of an equilibrium,

Since
is the probability that two alleles chosen at random are
identical by descent within our population,
is the probability
that two alleles chosen at random are not identical by descent
in our population. So
is a reasonable
measure of the genetic diversity within the population. Notice that as
increases, the genetic diversity maintained in the population also
increases. This shouldn't be too surprising. The rate at which
diversity is lost declines as population size increases so larger
populations should retain more diversity than small
ones.3