System and methods for assessing sensed signals for determining a reliability measure of their accuracy with respect to a patient's true physiological status. As one example, the signals can include multiple, independently obtained signals, such as an electro-chemically based measure of cardiac activity and a plethysmography based measure of hemodynamic output which typically exhibit different morphologies and varying phase shifts with respect to each other. One manner of assessing the signals is to transform them into the frequency domain, such as via a Fast Fourier Transform (FFT), and evaluate them, such as by a coherence determination, to determine the degree of their mutual agreement. This can be used to assess the reliability of the sensing. Therapy can be delivered under certain observed conditions, such as a condition of hemodynamic insufficiency where anti-tachycardia pacing and/or shocking therapy can be delivered.