Abstract:The physics that governs quantum monitoring may involve other degrees of freedom than the ones initialised and controlled for probing. In this context we address the simultaneous estimation of phase and dephasing characterizing a dispersive medium, and we explore the role of frequency correlations within a photon pair generated via parametric down-conversion, when used as a probe for the medium. We derive the ultimate quantum limits on the estimation of the two parameters, by calculating the corresponding quantum Cramér-Rao bound; we then consider a feasible estimation scheme, based on the measurement of Stokes operators, and address its absolute performances in terms of the correlation parameters, and, more fundamentally, of the role played by correlations in the simultaneous achievability of the quantum Cramér-Rao bounds for each of the two parameters.Quantum light provides a gentler touch when observing fragile samples [1][2][3]. While typically all the information needed can be e ciently collected through a single parameter [4,5], there are instances in which two parameters or more are necessary to capture the physical process under study [6][7][8]. Such parameters might not be associated to compatible observables, hence trade-o may appear in attempts at simultaneously measuring them at the ultimate quantum precision, especially when restrictions are imposed on the resources or, in other words, to the available Hilbert space [7,[9][10][11][12][13][14][15] These trade-o can be interpreted, and often circumvented, by understanding the estimation process under the geometrical standpoint by identifying the physical carrier of information with their state vectors [13]; however, quantum probes only partly approximate such geometric entities, since these typically describe one degree of freedom at the time. The interaction with the sample might actually depend on other degrees of freedom, on which we might have limited control. A relevant example is given by dispersion e ects in phase estimation: if the phase under observation depends on the optical frequency of a photonic probe, the adoption of broad bandwidths would result in dephasing [13,[17][18][19]. An e cient way to tackle this is a joint estimation of the mean phase together with the characteristic width of the dephasing.Single photons from down-conversion are often employed as building blocks of quantum light probes [20][21][22][23][24]. These are produced in pairs that, under standard conditions, share frequency entanglement as a consequence of energy conservation in the generation process [25][26][27][28][29][30][31][32][33] . In this article we calculate what impact such frequency correlation might have on the joint estimation of phase and dephasing in dispersive elements. Our study found that di erences arise if one considers correlated and anticorrelated photon pairs, particularly showing how anticorrelated photons result as more interesting resources to be employed in such noisy phase estimation problem.The manuscript is organized as follows...