Search queries are often ambiguous and/or underspecified. To accomodate different user needs, search result diversification has received attention in the past few years. Accordingly, several new metrics for evaluating diversification have been proposed, but their properties are little understood. We compare the properties of existing metrics given the premises that (1) queries may have multiple intents; (2) the likelihood of each intent given a query is available; and (3) graded relevance assessments are available for each intent. We compare a wide range of traditional and diversified IR metrics after adding graded relevance assessments to the TREC 2009 Web track diversity task test collection which originally had binary relevance assessments. Our primary criterion is discriminative power, which represents the reliability of a metric in an experiment. Our results show that diversified IR experiments with a given number of topics can be as reliable as traditional IR experiments with the same number of topics, provided that the right metrics are used. Moreover, we compare the intuitiveness of diversified IR metrics by closely examining the actual ranked lists from TREC. We show that a family of metrics called D#-measures have several advantages over other metrics such as α-nDCG and Intent-Aware metrics.