The structured coalescent is a continuous-time Markov chain which describes the genealogy of a sample of homologous genes from a subdivided population. Assuming this model, some results are proved relating to the genealogy of a pair of genes and the extent of subpopulation differentiation, which are valid under certain graph-theoretic symmetry and regularity conditions on the structure of the population. We first review and extend earlier results stating conditions under which the mean time since the most recent common ancestor of a pair of genes from any single subpopulation is independent of the migration rate and equal to that of two genes from an unstructured population of the same total size. Assuming the infinite alleles model of neutral mutation with a small mutation rate, we then prove a simple relationship between the migration rate and the value of Wright's coefficient FST for a pair of neighbouring subpopulations, which does not depend on the precise structure of the population provided that this is sufficiently symmetric.