A method and apparatus for determining in-band OSNR in optical information signals, e.g. in polarization-multiplexed QPSK and higher-order M-ary QAM signals, are disclosed. A correlation measurement of the signal amplitude or power at two distinct optical frequencies of the signal may be used to determine the in-band optical noise in the signal. A measurement of the signal power may be used to determine the OSNR based on the determined in-band noise.