The genetic variation present in a species depends on the interplay between mutation, population size, and natural selection. At mutation-(purifying) selection balance (MSB) in a large population, the standing genetic variance for a trait (V G ) is predicted to be proportional to the mutational variance for the trait (V M ); V M is proportional to the mutation rate for the trait. The ratio V M /V G predicts the average strength of selection (S ) against a new mutation. Here we compare V M and V G for lifetime reproductive success (% fitness) and body volume in two species of self-fertilizing rhabditid nematodes, Caenorhabditis briggsae and C. elegans, which the evidence suggests have different mutation rates. Averaged over traits, species, and populations within species, the relationship between V G and V M is quite stable, consistent with the hypothesis that differences among groups in standing variance can be explained by differences in mutational input. The average (homozygous) selection coefficient inferred from V M /V G is a few percent, smaller than typical direct estimates from mutation accumulation (MA) experiments. With one exception, the variance present in a worldwide sample of these species is similar to the variance present within a sample from a single locale. These results are consistent with specieswide MSB and uniform purifying selection, but genetic draft (hitchhiking) is a plausible alternative possibility.T HE genetic variation present in a species is a composite function of mutation, population size, and natural selection. The relationship between the standing genetic variance (V G ) and the per-generation input of genetic variance by mutation (the mutational variance, V M ) has a straightforward interpretation under two evolutionary scenarios. Under a deterministic mutation-(purifying) selection balance (MSB) model,where S is the average selection coefficient against a new mutation (Barton 1990;Crow 1993;Houle et al. 1996). The ratioS ) can be interpreted as the ''persistence time'' (t P ) of a new mutation, i.e., the expected number of generations a mutant allele remains in the (infinite) population before it is eliminated by selection (Crow 1993;Houle et al. 1996). The more deleterious the allele, the faster it is removed from the population. At the opposite extreme, under a strict neutral model of mutation-drift equilibrium (MDE), for self-fertilizing taxa, V G % 4N e V M , where N e is the effective population size (Lynch and Hill 1986). For a quantitative trait, V M ¼ UE(a 2 ), where U is the genomic mutation rate and a is the additive phenotypic effect of a new mutation (Lynch and Walsh 1998, p. 329).The unifying factor in these different scenarios is V M . Under both the MSB and MDE scenarios, we expect V G to be proportional to V M and thus the persistence timeto be constant if selection is uniform. Changes in the relationship between V G and V M among groups must be due to differences in natural selection. Thus, if t P differs between groups, the difference must be due to h...