We study experimentally the lifetime of a special class of entangled states in an atomic clock, squeezed spin states. In the presence of anisotropic noise, their lifetime is strongly dependent on squeezing orientation. We measure the Allan deviation spectrum of a clock operated with a phasesqueezed input state. For integration times up to 50 s the squeezed clock achieves a given precision 2.8(3) times faster than a clock operating at the standard quantum limit.Atomic interference provides an exquisitely sensitive tool for measuring gravitation, magnetic fields, acceleration, rotation, and time itself [1,2]. It has long been hoped that quantum-mechanical entanglement might enhance the precision of such measurements: maximallyentangled states can increase the sensitivity of the interference fringe to the parameter of interest [3], while squeezed spin states can redistribute quantum noise away from that quantity [4,5]. In experiments, both approaches have overcome the standard quantum limit (SQL) of phase sensitivity [6][7][8][9][10][11]. However, Huelga et al. pointed out early on that entangled states might provide little gain in real metrological performance because they are more fragile than uncorrelated states, such that the entanglement-induced increase in phase sensitivity comes at the expense of reduced interrogation time [12]. Analyses with specific noise models [13,14], however, found parameter regimes where entanglement could be helpful despite decoherence. It is thus interesting, practically as well as fundamentally, to investigate the fragility of the entangled states relevant to metrology.In this Letter we show that for an atomic clock in which the dominant environmental perturbation is phase noise, the squeezed-state lifetime varies by an order of magnitude depending on whether the squeezed variable is the phase (subject to environmental perturbation) or the (essentially unperturbed) population difference between states. We operate an atomic clock with a phasesqueezed input state whose precision exceeds the SQL, as also recently demonstrated by Louchet-Chauvet et al. [11], and present the first measurement of such a clock's Allan deviation spectrum. The clock reaches a given precision 2.8(3) times faster than the SQL for integration times up to 50 s. The squeezed states used in this work are prepared by cavity feedback squeezing [10,15], a new technique which deterministically produces entangled states of distant atoms using their collective interaction with a driven optical resonator.Given any two-level atom we can define a spin-1/2 s i . For an ensemble of such atoms, we introduce the total spin S = s i whoseẑ component and azimuthal angle φ represent the population difference and relative phase, respectively, between the two atomic levels. Simultaneously preparing the atoms in the same single-particle