Leica M-E Typ 240 vs Olympus E-500

The Leica M-E (Typ 240) and the Olympus Evolt E-500 are two digital cameras that were announced, respectively, in June 2019 and September 2005. The M-E Typ 240 is a rangefinder-focusing mirrorless camera, while the E-500 is a DSLR. The cameras are based on a full frame (M-E Typ 240) and a Four Thirds (E-500) sensor. The Leica has a resolution of 23.7 megapixels, whereas the Olympus provides 8 MP.

Below is an overview of the main specs of the two cameras as a starting point for the comparison.

Headline Specifications

Leica M-E Typ 240		Olympus E-500
Rangefinder camera		Digital single lens reflex
Leica M mount lenses		Four Thirds lenses
23.7 MP – Full Frame sensor		8 MP – Four Thirds sensor
1080/25p Video		no Video
ISO 200-6,400		ISO 100-400 (100 - 1,600)
Optical viewfinder		Optical viewfinder
3.0" LCD – 920k dots		2.5" LCD – 215k dots
Fixed screen (not touch-sensitive)		Fixed screen (not touch-sensitive)
3 shutter flaps per second		2.5 shutter flaps per second
Weathersealed body		not weather sealed
500 shots per battery charge		750 shots per battery charge
139 x 80 x 42 mm, 680 g		130 x 95 x 66 mm, 479 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Leica M-E (Typ 240) and the Olympus Evolt E-500? Which one should you buy? Read on to find out how these two cameras compare with respect to their body size, their imaging sensors, their shooting features, their input-output connections, and their reception by expert reviewers.

Body comparison

The side-by-side display below illustrates the physical size and weight of the Leica M-E Typ 240 and the Olympus E-500. The two cameras are presented according to their relative size. Three consecutive perspectives from the front, the top, and the back are available. All width, height and depth measures are rounded to the nearest millimeter.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Olympus E-500 is notably larger (11 percent) than the Leica M-E Typ 240. However, the E-500 is markedly lighter (30 percent) than the M-E Typ 240. It is worth mentioning in this context that the M-E Typ 240 is splash and dust resistant, while the E-500 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete since they do not consider the interchangeable lenses that both of these cameras require. A larger imaging sensor will tend to go along with bigger and heavier lenses, although exceptions exist. You can compare the optics available for the two cameras in the Leica M Lens Catalog (M-E Typ 240) and the Four Thirds Lens Catalog (E-500).

Concerning battery life, the M-E Typ 240 gets 500 shots out of its Leica BP-SCL2 battery, while the E-500 can take 750 images on a single charge of its Olympus BLM-1 power pack.

The table below summarizes the key physical specs of the two cameras alongside a broader set of comparators. If you want to switch the focus of the display and review another camera pair, you can move across to the CAM-parator tool and choose from the broad selection of possible camera comparisons there.

Body Specifications

		Camera Model	Camera Width	Camera Height	Camera Depth	Camera Weight	Battery Life	Weather Sealing	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M-E Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Jun 2019	3,999	ebay.com
2.		Olympus E-500	130 mm	95 mm	66 mm	479 g	750	n	Sep 2005	599	ebay.com
3.		Leica M Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Sep 2012	6,950	ebay.com
4.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	5,195	ebay.com
5.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
6.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	7,995	ebay.com
7.		Leica M10-R	139 mm	80 mm	39 mm	660 g	210	Y	Jul 2020	8,295	ebay.com
8.		Leica M11	139 mm	80 mm	39 mm	640 g	700	Y	Jan 2022	8,995	amazon.com
9.		Leica Q Typ 116	130 mm	80 mm	93 mm	640 g	300	n	Jun 2015	4,249	ebay.com
10.		Leica Q2	130 mm	80 mm	92 mm	718 g	370	Y	Mar 2019	4,995	amazon.com
11.		Olympus E-300	147 mm	85 mm	64 mm	624 g	750	n	Sep 2004	799	ebay.com
12.		Olympus E-330	140 mm	87 mm	72 mm	637 g	750	n	Jan 2006	999	ebay.com
13.		Olympus E-400	130 mm	91 mm	53 mm	435 g	500	n	Sep 2006	699	ebay.com
14.		Olympus E-410	130 mm	91 mm	53 mm	435 g	500	n	Mar 2007	699	ebay.com
15.		Olympus E-510	136 mm	92 mm	68 mm	538 g	750	n	Mar 2007	799	ebay.com
16.		Sony A7 III	127 mm	96 mm	74 mm	650 g	610	Y	Feb 2018	1,999	amazon.com
17.		Sony A9 II	129 mm	96 mm	76 mm	678 g	690	Y	Oct 2019	4,499	amazon.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
Convert to Imperial

The price is, of course, an important factor in any camera decision. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The E-500 was launched at a markedly lower price (by 85 percent) than the M-E Typ 240, which puts it into a different market segment. Usually, retail prices stay at first close to the launch price, but after several months, discounts become available. Later in the product cycle and, in particular, when the replacement model is about to appear, further discounting and stock clearance sales often push the camera price considerably down. Then, after the new model is out, very good deals can frequently be found on the pre-owned market.

Sensor comparison

The size of the sensor inside a digital camera is one of the key determinants of image quality. All other things equal, a large sensor will have larger individual pixel-units that offer better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixels in a sensor of the same technological generation. Furthermore, a large sensor camera will give the photographer more possibilities to use shallow depth-of-field in order to isolate a subject from the background. On the downside, larger sensors are more costly to manufacture and tend to lead to bigger and heavier cameras and lenses.

Of the two cameras under consideration, the Leica M-E Typ 240 features a full frame sensor and the Olympus E-500 a Four Thirds sensor. The sensor area in the E-500 is 74 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 1.0 and 2.0. The sensor in the M-E Typ 240 has a native 3:2 aspect ratio, while the one in the E-500 offers a 4:3 aspect.

With 23.7MP, the M-E Typ 240 offers a higher resolution than the E-500 (8MP), but the M-E Typ 240 nevertheless has larger individual pixels (pixel pitch of 6.01μm versus 5.30μm for the E-500) due to its larger sensor. Moreover, the M-E Typ 240 is a much more recent model (by 13 years and 9 months) than the E-500, and its sensor will have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixels.

The resolution advantage of the Leica M-E Typ 240 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the M-E Typ 240 for good quality output (200 dots per inch) amounts to 29.8 x 19.9 inches or 75.6 x 50.5 cm, for very good quality (250 dpi) 23.8 x 15.9 inches or 60.5 x 40.4 cm, and for excellent quality (300 dpi) 19.8 x 13.3 inches or 50.4 x 33.7 cm. The corresponding values for the Olympus E-500 are 16.3 x 12.2 inches or 41.5 x 31.1 cm for good quality, 13.1 x 9.8 inches or 33.2 x 24.9 cm for very good quality, and 10.9 x 8.2 inches or 27.6 x 20.7 cm for excellent quality prints.

The Leica M-E (Typ 240) has a native sensitivity range from ISO 200 to ISO 6400, which can be extended to ISO 100-6400. The corresponding ISO settings for the Olympus Evolt E-500 are ISO 100 to ISO 400, with the possibility to increase the ISO range to 100-1600.

In terms of underlying technology, the M-E Typ 240 is build around a CMOS sensor, while the E-500 uses a CCD imager. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

Consistent information on actual sensor performance is available from DXO Mark for many cameras. This service assesses and scores the color depth ("DXO Portrait"), dynamic range ("DXO Landscape"), and low-light sensitivity ("DXO Sports") of camera sensors, and also publishes an overall camera score. The table below summarizes the physical sensor characteristics and sensor quality findings and compares them across a set of similar cameras.

Sensor Characteristics

		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Leica M-E Typ 240	Full Frame	23.7	5952	3976	1080/25p	25.2	14.2	2821	94
2.		Olympus E-500	Four Thirds	8.0	3264	2448	none	20.7	10.3	45	51
3.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
4.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
5.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
6.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
7.		Leica M10-R	Full Frame	40.9	7864	5200	none	25.3	14.3	2924	95
8.		Leica M11	Full Frame	60.3	9528	6328	none	26.3	14.8	3376	100
9.		Leica Q Typ 116	Full Frame	24.0	6000	4000	1080/60p	24.3	12.7	2221	85
10.		Leica Q2	Full Frame	46.7	8368	5584	4K/30p	26.4	13.5	2491	96
11.		Olympus E-300	Four Thirds	8.0	3264	2448	none	20.4	10.1	-40	48
12.		Olympus E-330	Four Thirds	7.4	3136	2352	none	20.8	10.4	73	52
13.		Olympus E-400	Four Thirds	10.0	3648	2736	none	21.0	10.6	127	53
14.		Olympus E-410	Four Thirds	10.0	3648	2736	none	21.1	10.0	494	51
15.		Olympus E-510	Four Thirds	10.0	3648	2736	none	21.2	10.0	442	52
16.		Sony A7 III	Full Frame	24.0	6000	4000	4K/30p	25.0	14.7	3730	96
17.		Sony A9 II	Full Frame	24.0	6000	4000	4K/30p	25.0	14.0	3434	93
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras are not only capable of taking still images, but also of capturing video footage. The M-E Typ 240 indeed provides movie recording capabilities, while the E-500 does not. The highest resolution format that the M-E Typ 240 can use is 1080/25p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. The M-E Typ 240 and the E-500 are similar in the sense that both have an optical viewfinder. The latter is useful for getting a clear image for framing even in brightly lit environments. The viewfinder in the M-E Typ 240 offers a wider field of view (100%) than the one in the E-500 (95%), so that a larger proportion of the captured image is visible in the finder. In addition, the viewfinder of the M-E Typ 240 has a higher magnification (0.68x vs 0.45x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The table below summarizes some of the other core capabilities of the Leica M-E Typ 240 and Olympus E-500 in connection with corresponding information for a sample of similar cameras.

Core Features

		Camera Model	Viewfinder (Type or 000 dots)	Control Panel (yes/no)	LCD Specifications (inch/000 dots)	LCD Attach- ment	Touch Screen (yes/no)	Max Shutter Speed *	Max Shutter Flaps *	Built-in Flash (yes/no)	Built-in Image Stab
1.		Leica M-E Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
2.		Olympus E-500	optical	n	2.5 / 215	fixed	n	1/4000s	2.5/s	Y	n
3.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
4.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
5.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
6.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
7.		Leica M10-R	optical	n	3.0 / 1037	fixed	Y	1/4000s	4.5/s	n	n
8.		Leica M11	optical	n	3.0 / 2333	fixed	Y	1/4000s	4.5/s	n	n
9.		Leica Q Typ 116	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
10.		Leica Q2	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
11.		Olympus E-300	optical	n	1.8 / 134	fixed	n	1/4000s	2.5/s	Y	n
12.		Olympus E-330	optical	n	2.5 / 215	tilting	n	1/4000s	3.0/s	Y	n
13.		Olympus E-400	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	n
14.		Olympus E-410	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	n
15.		Olympus E-510	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	Y
16.		Sony A7 III	2359	n	3.0 / 922	tilting	Y	1/8000s	10.0/s	n	Y
17.		Sony A9 II	3686	n	3.0 / 1440	tilting	Y	1/8000s	20.0/s	n	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One difference between the cameras concerns the presence of an on-board flash. The E-500 has one, while the M-E Typ 240 does not. While the built-in flash of the E-500 is not very powerful, it can at times be useful as a fill-in light.

The M-E Typ 240 writes its imaging data to SDXC cards, while the E-500 uses Compact Flash or xD Picture cards. The E-500 features dual card slots, which can be very useful in case a memory card fails. In contrast, the M-E Typ 240 only has one slot.

Connectivity comparison

For some imaging applications, the extent to which a camera can communicate with its environment can be an important aspect in the camera decision process. The table below provides an overview of the connectivity of the Leica M-E (Typ 240) and Olympus Evolt E-500 and, in particular, the interfaces the cameras (and selected comparators) provide for accessory control and data transfer.

Input-Output Connections

		Camera Model	Hotshoe Port	Internal Mic / Speaker	Microphone Port	Headphone Port	HDMI Port	USB Port	WiFi Support	NFC Support	Bluetooth Support
1.		Leica M-E Typ 240	Y	mono / -	-	-	-	2.0	-	-	-
2.		Olympus E-500	Y	- / -	-	-	-	2.0	-	-	-
3.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
4.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
5.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
6.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
7.		Leica M10-R	Y	- / -	-	-	-	-	Y	-	-
8.		Leica M11	Y	- / -	-	-	-	3.2	Y	-	Y
9.		Leica Q Typ 116	Y	stereo / mono	-	-	micro	2.0	Y	Y	-
10.		Leica Q2	Y	stereo / mono	-	-	-	-	Y	-	Y
11.		Olympus E-300	Y	- / -	-	-	-	2.0	-	-	-
12.		Olympus E-330	Y	- / -	-	-	-	2.0	-	-	-
13.		Olympus E-400	Y	- / -	-	-	-	2.0	-	-	-
14.		Olympus E-410	Y	- / -	-	-	-	2.0	-	-	-
15.		Olympus E-510	Y	- / -	-	-	-	2.0	-	-	-
16.		Sony A7 III	Y	stereo / mono	Y	Y	micro	3.1	Y	Y	Y
17.		Sony A9 II	Y	stereo / mono	Y	Y	micro	3.1	Y	Y	Y

Both the M-E Typ 240 and the E-500 have been discontinued, but can regularly be found used on ebay. The E-500 was replaced by the Olympus E-510, while the M-E Typ 240 does not have a direct successor. Further information on the two cameras (e.g. user guides, manuals), as well as related accessories, can be found on the official Leica and Olympus websites.

Review summary

So what is the bottom line? Which of the two cameras – the Leica M-E Typ 240 or the Olympus E-500 – has the upper hand? Is one clearly better than the other? Below is a summary of the relative strengths of each of the two contestants.

Advantages of the Leica M-E (Typ 240):

• More detail: Offers more megapixels (23.7 vs 8MP) with a 75% higher linear resolution.
• Better image quality: Features a larger and more technologically advanced imaging sensor.
• Richer colors: The sensor size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger sensor captures a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger sensor produces good images even in poorly lit environments.
• Broader imaging potential: Can record not only still images but also 1080/25p movies.
• More complete view: Has a viewfinder with a larger field of view (100% vs 95%).
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.68x vs 0.45x).
• Larger screen: Has a bigger rear LCD (3.0" vs 2.5") for image review and settings control.
• More detailed LCD: Has a higher resolution rear screen (920k vs 215k dots).
• Faster burst: Shoots at higher frequency (3 vs 2.5 flaps/sec) to capture the decisive moment.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Reflects 13 years and 9 months of technical progress since the E-500 launch.

Reasons to prefer the Olympus Evolt E-500:

• Less heavy: Has a lower weight (by 201g or 30 percent) and is thus easier to take along.
• Longer lasting: Gets more shots (750 versus 500) out of a single battery charge.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• Greater peace of mind: Features a second card slot as a backup in case of memory card failure.
• More affordable: Was introduced into a lower priced category (85 percent cheaper at launch).
• More heavily discounted: Has been around for much longer (launched in September 2005).

If the count of individual advantages (bullet points above) is taken as a guide, the M-E Typ 240 is the clear winner of the match-up (14 : 6 points). However, the relative importance of the various individual camera aspects will vary according to personal preferences and needs, so that you might like to apply corresponding weights to the particular features before making a decision on a new camera. A professional sports photographer will view the differences between cameras in a way that diverges from the perspective of a street photog, and a person interested in family portraits has distinct needs from a landscape shooter. Hence, the decision which camera is best and worth buying is often a very personal one.

In any case, while the comparison of technical specifications can provide a useful overview of the capabilities of different cameras, it remains partial and cannot reveal, for example, the shooting experience and imaging performance when actually working with the M-E Typ 240 or the E-500. User reviews, such as those found at amazon, can sometimes inform about these issues, but such feedback is often incomplete, inconsistent, and biased.

Expert reviews

This is why expert reviews are important. The following table reports the overall ratings of the cameras as published by some of the major camera review sites (amateurphotographer [AP], cameralabs [CL], digitalcameraworld [DCW], dpreview [DPR], ephotozine [EPZ], photographyblog [PB]). As can be seen, the professional reviewers agree in many cases on the quality of different cameras, but sometimes their assessments diverge, reinforcing the earlier point that a camera decision is often a very personal choice.

Expert Camera Reviews

		Camera   Model	AP   score	CL   score	DCW   score	DPR   score	EPZ   score	PB   score	Camera Launch	Launch Price (USD)	Street Price
1.		Leica M-E Typ 240	..	..	..	..	..	..	Jun 2019	3,999	ebay.com
2.		Olympus E-500	..	76/100	..	+ +	..	..	Sep 2005	599	ebay.com
3.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	6,950	ebay.com
4.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	5,195	ebay.com
5.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
6.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	7,995	ebay.com
7.		Leica M10-R	4.5/5	..	4/5	..	..	4/5	Jul 2020	8,295	ebay.com
8.		Leica M11	4.5/5	..	4.5/5	..	4.5/5	4.5/5	Jan 2022	8,995	amazon.com
9.		Leica Q Typ 116	5/5	..	..	80/100	4.5/5	4.5/5	Jun 2015	4,249	ebay.com
10.		Leica Q2	..	..	4.5/5	84/100	4.5/5	4/5	Mar 2019	4,995	amazon.com
11.		Olympus E-300	..	..	..	+	o	4.5/5	Sep 2004	799	ebay.com
12.		Olympus E-330	..	..	..	+	o	..	Jan 2006	999	ebay.com
13.		Olympus E-400	..	85/100	..	..	4/5	4/5	Sep 2006	699	ebay.com
14.		Olympus E-410	..	86/100	..	+ +	4/5	4.5/5	Mar 2007	699	ebay.com
15.		Olympus E-510	..	89/100	..	+ +	3.5/5	4.5/5	Mar 2007	799	ebay.com
16.		Sony A7 III	..	+ +	4.5/5	89/100	5/5	5/5	Feb 2018	1,999	amazon.com
17.		Sony A9 II	..	..	5/5	90/100	5/5	5/5	Oct 2019	4,499	amazon.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The above review scores should be interpreted with care, though. The ratings were established in reference to similarly priced cameras that were available in the market at the time of the review. Hence, a score should always be seen in the context of the camera's market launch date and its price, and comparisons of ratings among very different cameras or across long time periods have little meaning. Also, please note that some of the review sites have changed their methodology and reporting over time.

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Other camera comparisons

Did this review help to inform your camera decision process? In case you are interested in seeing how other cameras pair up, just make a corresponding selection in the search boxes below. There is also a set of direct links to comparison reviews that other users of the CAM-parator app explored.

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