Leica M11 vs Panasonic S5

The Leica M11 (Typ 2416) and the Panasonic Lumix DC-S5 are two enthusiast cameras that were officially introduced, respectively, in January 2022 and September 2020. The M11 is a rangefinder-focusing mirrorless, while the S5 is a mirrorless interchangeable lens camera. Both cameras are equipped with a full frame sensor. The Leica has a resolution of 60.3 megapixels, whereas the Panasonic provides 24 MP.

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

Headline Specifications

Leica M11		Panasonic S5
Rangefinder camera		Mirrorless system camera
Leica M mount lenses		Leica L mount lenses
60.3 MP – Full Frame sensor		24 MP – Full Frame sensor
no Video		4K/60p Video
ISO 64-50,000		ISO 100-51,200 (50 - 204,800)
Optical viewfinder		Electronic viewfinder (2360k dots)
3.0" LCD – 2333k dots		3.0" LCD – 1840k dots
Fixed touchscreen		Swivel touchscreen
4.5 shutter flaps per second		7 shutter flaps per second
no shake reduction		In-body stabilization
Weathersealed body		Weathersealed body
700 shots per battery charge		440 shots per battery charge
139 x 80 x 39 mm, 640 g		133 x 98 x 82 mm, 714 g

Check M11 price at
amazon.com
Check S5 price at
amazon.com

Going beyond this snapshot of core features and characteristics, what are the differences between the Leica M11 (Typ 2416) and the Panasonic Lumix DC-S5? 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 M11 and the Panasonic S5. The two cameras are presented according to their relative size. Three consecutive views from the front, the top, and the rear side are shown. All width, height and depth dimensions are rounded to the nearest millimeter.

The M11 can be obtained in two different colors (black, silver), while the S5 is only available in black.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic S5 is notably larger (17 percent) than the Leica M11. Moreover, the S5 is markedly heavier (12 percent) than the M11. In this context, it is worth noting that both cameras are splash and dust-proof and can, hence, be used in inclement weather conditions or harsh environments.

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. Hence, you might want to study and compare the specifications of available lenses in order to get the full picture of the size and weight of the two camera systems.

Concerning battery life, the M11 gets 700 shots out of its Leica BP-SCL7 battery, while the S5 can take 440 images on a single charge of its Panasonic DMW-BLK22 power pack. The battery packs of both cameras can be charged via USB, which can be very convenient when travelling.

The table below summarizes the key physical specs of the two cameras alongside a broader set of comparators. In case you want to display and compare another camera duo, you can use the CAM-parator app to select your camera combination among a large number of options.

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 M11	139 mm	80 mm	39 mm	640 g	700	Y	Jan 2022	8,995	amazon.com
2.		Panasonic S5	133 mm	98 mm	82 mm	714 g	440	Y	Sep 2020	1,999	amazon.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-E Typ 240	139 mm	80 mm	42 mm	680 g	500	Y	Jun 2019	3,999	ebay.com
5.		Leica M Typ 262	139 mm	80 mm	42 mm	680 g	400	Y	Nov 2015	5,195	ebay.com
6.		Leica M9	139 mm	80 mm	37 mm	585 g	550	n	Sep 2009	7,999	ebay.com
7.		Leica M10	139 mm	80 mm	39 mm	660 g	210	Y	Jan 2017	6,595	ebay.com
8.		Leica M10-P	139 mm	80 mm	39 mm	660 g	210	Y	Aug 2018	7,995	ebay.com
9.		Leica M10-R	139 mm	80 mm	39 mm	660 g	210	Y	Jul 2020	8,295	ebay.com
10.		Leica Q2	130 mm	80 mm	92 mm	718 g	370	Y	Mar 2019	4,995	amazon.com
11.		Leica Q3	130 mm	80 mm	93 mm	743 g	350	Y	May 2023	5,995	amazon.com
12.		Leica SL	147 mm	104 mm	39 mm	847 g	400	Y	Oct 2015	7,450	ebay.com
13.		Nikon Z6 II	134 mm	101 mm	70 mm	705 g	410	Y	Oct 2020	1,999	amazon.com
14.		Panasonic GH5	139 mm	98 mm	87 mm	725 g	410	Y	Jan 2017	1,999	ebay.com
15.		Panasonic GH5 II	139 mm	98 mm	87 mm	727 g	400	Y	May 2021	1,699	amazon.com
16.		Panasonic S5 II	134 mm	102 mm	90 mm	740 g	370	Y	Jan 2023	1,999	amazon.com
17.		Sony A7 II	127 mm	96 mm	60 mm	599 g	350	Y	Nov 2014	1,999	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
Convert to Imperial

Any camera decision will obviously take relative prices into account. The listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The S5 was launched at a markedly lower price (by 78 percent) than the M11, 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.

Sensor comparison

The size of the sensor inside a digital camera is one of the key determinants of image quality. A large sensor will tend to have larger individual pixels that provide better low-light sensitivity, wider dynamic range, and richer color-depth than smaller pixel-units 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 tend to be more expensive and lead to bigger and heavier cameras and lenses.

Both cameras under consideration feature a full frame sensor, but their sensors differ slightly in size. The sensor area in the S5 is 2 percent smaller. They nevertheless have the same format factor of 1.0. Both cameras have a native aspect ratio (sensor width to sensor height) of 3:2.

With 60.3MP, the M11 offers a higher resolution than the S5 (24MP), but the M11 has smaller individual pixels (pixel pitch of 3.79μm versus 5.94μm for the S5). However, the M11 is a somewhat more recent model (by 1 year and 4 months) than the S5, and its sensor might have benefitted from technological advances during this time that enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that neither of the two cameras has an anti-alias filter installed, so they are able to capture all the detail the sensor resolves.

The resolution advantage of the Leica M11 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the M11 for good quality output (200 dots per inch) amounts to 47.6 x 31.6 inches or 121 x 80.4 cm, for very good quality (250 dpi) 38.1 x 25.3 inches or 96.8 x 64.3 cm, and for excellent quality (300 dpi) 31.8 x 21.1 inches or 80.7 x 53.6 cm. The corresponding values for the Panasonic S5 are 30 x 20 inches or 76.2 x 50.8 cm for good quality, 24 x 16 inches or 61 x 40.6 cm for very good quality, and 20 x 13.3 inches or 50.8 x 33.9 cm for excellent quality prints.

Unlike the M11, the S5 has the capacity to capture high quality composite images (96MP) by combining multiple shots after shifting its sensor by miniscule distances. This multi-shot, pixel-shift mode is most suitable for photography of stationary objects (landscapes, studio scenes).

The Leica M11 (Typ 2416) has a native sensitivity range from ISO 64 to ISO 50000. The corresponding ISO settings for the Panasonic Lumix DC-S5 are ISO 100 to ISO 51200, with the possibility to increase the ISO range to 50-204800.

In terms of underlying technology, the M11 is build around a BSI-CMOS sensor, while the S5 uses a CMOS 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 is based on lab testing and assigns an overall score to each camera sensor, as well as ratings for dynamic range ("DXO Landscape"), color depth ("DXO Portrait"), and low-light sensitivity ("DXO Sports"). Of the two cameras under review, the M11 has a notably higher overall DXO score than the S5 (overall score 6 points higher), which gives it an advantage in terms of imaging quality. This advantage is based on 1.2 bits higher color depth, 0.3 EV in additional dynamic range, and 0.3 stops in additional low light sensitivity. 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 M11	Full Frame	60.3	9528	6328	none	26.3	14.8	3376	100
2.		Panasonic S5	Full Frame	24.0	6000	4000	4K/60p	25.1	14.5	2697	94
3.		Leica M Typ 240	Full Frame	23.7	5952	3976	1080/25p	24.0	13.3	1860	84
4.		Leica M-E Typ 240	Full Frame	23.7	5952	3976	1080/25p	25.2	14.2	2821	94
5.		Leica M Typ 262	Full Frame	23.7	5952	3976	none	24.8	13.7	2478	90
6.		Leica M9	Full Frame	18.1	5212	3472	none	22.5	11.7	884	69
7.		Leica M10	Full Frame	23.8	5952	3992	none	24.4	13.2	2133	86
8.		Leica M10-P	Full Frame	23.8	5952	3992	none	25.1	14.1	2739	93
9.		Leica M10-R	Full Frame	40.9	7864	5200	none	25.3	14.3	2924	95
10.		Leica Q2	Full Frame	46.7	8368	5584	4K/30p	26.4	13.5	2491	96
11.		Leica Q3	Full Frame	60.3	9528	6328	8K/30p	25.4	14.7	3216	96
12.		Leica SL	Full Frame	24.0	6000	4000	4K/30p	25.0	13.4	1821	88
13.		Nikon Z6 II	Full Frame	24.3	6048	4024	4K/60p	25.0	14.4	3303	94
14.		Panasonic GH5	Four Thirds	20.2	5184	3888	4K/60p	23.9	13.0	807	77
15.		Panasonic GH5 II	Four Thirds	20.2	5184	3888	4K/60p	23.7	13.1	1136	79
16.		Panasonic S5 II	Full Frame	24.0	6000	4000	6K/30p	25.4	14.6	3158	96
17.		Sony A7 II	Full Frame	24.0	6000	4000	1080/60p	24.9	13.6	2449	90
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 can also record movies. The S5 indeed provides for movie recording, while the M11 does not. The highest resolution format that the S5 can use is 4K/60p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. For example, the S5 has an electronic viewfinder (2360k dots), while the M11 has an optical one. Both systems have their advantages, with the electronic viewfinder making it possible to project supplementary shooting information into the framing view, whereas the optical viewfinder offers lag-free viewing and a very clear framing image. The viewfinders of both cameras offer the same field of view (100%), but the viewfinder of the S5 has a higher magnification than the one of the M11 (0.74x vs 0.73x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The following table reports on some other key feature differences and similarities of the Leica M11, the Panasonic S5, and comparable 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 M11	optical	n	3.0 / 2333	fixed	Y	1/4000s	4.5/s	n	n
2.		Panasonic S5	2360	n	3.0 / 1840	swivel	Y	1/8000s	7.0/s	n	Y
3.		Leica M Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
4.		Leica M-E Typ 240	optical	n	3.0 / 920	fixed	n	1/4000s	3.0/s	n	n
5.		Leica M Typ 262	optical	n	3.0 / 921	fixed	n	1/4000s	3.0/s	n	n
6.		Leica M9	optical	n	2.5 / 230	fixed	n	1/4000s	2.0/s	n	n
7.		Leica M10	optical	n	3.0 / 1037	fixed	n	1/4000s	5.0/s	n	n
8.		Leica M10-P	optical	n	3.0 / 1037	fixed	Y	1/4000s	5.0/s	n	n
9.		Leica M10-R	optical	n	3.0 / 1037	fixed	Y	1/4000s	4.5/s	n	n
10.		Leica Q2	3680	n	3.0 / 1040	fixed	Y	1/2000s	10.0/s	n	Y
11.		Leica Q3	5760	n	3.0 / 1840	tilting	Y	1/2000s	15.0/s	n	Y
12.		Leica SL	4400	Y	3.0 / 1040	fixed	Y	1/8000s	11.0/s	n	n
13.		Nikon Z6 II	3690	Y	3.2 / 2100	tilting	Y	1/8000s	14.0/s	n	Y
14.		Panasonic GH5	3680	n	3.2 / 1620	swivel	Y	1/8000s	12.0/s	n	Y
15.		Panasonic GH5 II	3680	n	3.0 / 1840	swivel	Y	1/8000s	12.0/s	n	Y
16.		Panasonic S5 II	3680	n	3.0 / 1840	swivel	Y	1/8000s	9.0/s	n	Y
17.		Sony A7 II	2400	n	3.0 / 1230	tilting	n	1/8000s	5.0/s	n	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

The reported shutter speed information refers to the use of the mechanical shutter. Yet, some cameras only have an electronic shutter, while others have an electronic shutter in addition to a mechanical one. In fact, both cameras under consideration feature an electronic shutter, which makes completely silent shooting possible. However, this mode is less suitable for photographing moving objects (risk of rolling shutter) or shooting under artificial light sources (risk of flickering).

The Leica M11 and the Panasonic S5 both have an intervalometer built-in. This enables the photographer to capture time lapse sequences, such as flower blooming, a sunset or moon rise, without purchasing an external camera trigger and related software.

Concerning the storage of imaging data, both the M11 and the S5 write their files to SDXC cards. The S5 features dual card slots, which can be very useful in case a memory card fails. In contrast, the M11 only has one slot. Both the M11 and the S5 support UHS-II cards, which provide for Ultra High Speed data transfer of up to 312 MB/s (the second slot of the S5 only offers slower UHS-I transfer rates, though).

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 M11 (Typ 2416) and Panasonic Lumix DC-S5 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 M11	Y	- / -	-	-	-	3.2	Y	-	Y
2.		Panasonic S5	Y	stereo / mono	Y	Y	micro	3.2	Y	-	Y
3.		Leica M Typ 240	Y	stereo / mono	-	-	-	2.0	-	-	-
4.		Leica M-E Typ 240	Y	mono / -	-	-	-	2.0	-	-	-
5.		Leica M Typ 262	Y	- / -	-	-	-	2.0	-	-	-
6.		Leica M9	Y	- / -	-	-	-	2.0	-	-	-
7.		Leica M10	Y	- / -	-	-	-	-	Y	-	-
8.		Leica M10-P	Y	- / -	-	-	-	-	Y	-	-
9.		Leica M10-R	Y	- / -	-	-	-	-	Y	-	-
10.		Leica Q2	Y	stereo / mono	-	-	-	-	Y	-	Y
11.		Leica Q3	Y	stereo / mono	-	-	micro	3.1	Y	-	Y
12.		Leica SL	Y	stereo / mono	Y	Y	full	3.0	Y	-	-
13.		Nikon Z6 II	Y	stereo / mono	Y	Y	micro	3.2	Y	-	Y
14.		Panasonic GH5	Y	stereo / mono	Y	Y	full	3.1	Y	-	Y
15.		Panasonic GH5 II	Y	stereo / mono	Y	Y	full	3.2	Y	-	Y
16.		Panasonic S5 II	Y	stereo / mono	Y	Y	full	3.2	Y	-	Y
17.		Sony A7 II	Y	stereo / mono	Y	Y	micro	2.0	Y	Y	-

Both the M11 and the S5 are recent models that are part of the current product line-up. The M11 replaced the earlier Leica M10, while the S5 does not have a direct predecessor. Further information on the features and operation of the M11 and S5 can be found, respectively, in the Leica M11 Manual (free pdf) or the online Panasonic S5 Manual.

Review summary

So how do things add up? Which of the two cameras – the Leica M11 or the Panasonic S5 – has the upper hand? Is one clearly better than the other? The listing below highlights the relative strengths of the two models.

Reasons to prefer the Leica M11 (Typ 2416):

• More detail: Offers more megapixels (60.3 vs 24MP) with a 59% higher linear resolution.
• Better image quality: Scores markedly higher (6 points) in the DXO overall assessment.
• Richer colors: Generates images with noticeably better colors (1.2 bits more color depth).
• Better low-light sensitivity: Requires less light for good images (0.3 stops ISO advantage).
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• More detailed LCD: Has a higher resolution rear screen (2333k vs 1840k dots).
• More compact: Is smaller (139x80mm vs 133x98mm) and thus needs less room in the bag.
• Less heavy: Is lighter (by 74g or 10 percent) and hence easier to carry around.
• Longer lasting: Can take more shots (700 versus 440) on a single battery charge.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Is somewhat more recent (announced 1 year and 4 months after the S5).

Arguments in favor of the Panasonic Lumix DC-S5:

• High quality composites: Can combine several shots after pixel-shifting its sensor.
• Broader imaging potential: Can capture not only stills but also 4K/60p video.
• More framing info: Has an electronic viewfinder that displays shooting data.
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.74x vs 0.73x).
• More flexible LCD: Has a swivel screen for odd-angle shots in portrait or landscape orientation.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster shutter: Has higher mechanical shutter speed (1/8000s vs 1/4000s) to freeze action.
• Faster burst: Shoots at higher frequency (7 vs 4.5 flaps/sec) to capture the decisive moment.
• Sharper images: Has stabilization technology built-in to reduce the impact of hand-shake.
• 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 (78 percent cheaper at launch).
• More heavily discounted: Has been on the market for longer (launched in September 2020).

If the count of individual advantages (bullet points above) is taken as a guide, the S5 comes out slightly ahead of the M11 (12 : 11 points). However, the pertinence of the various camera strengths will differ across photographers, so that you might want to weigh individual camera traits according to their importance for your own imaging needs before making a camera decision. A professional wildlife photographer will view the differences between cameras in a way that diverges from the perspective of a family photog, and a person interested in architecture has distinct needs from a sports 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 says little about, for example, the shooting experience and imaging performance of the M11 and the S5 in practical situations. 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 where reviews by experts come in. 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 M11	4.5/5	..	4.5/5	..	4.5/5	4.5/5	Jan 2022	8,995	amazon.com
2.		Panasonic S5	4.5/5	+ +	4.5/5	88/100	4.5/5	4.5/5	Sep 2020	1,999	amazon.com
3.		Leica M Typ 240	4/5	..	..	..	4/5	..	Sep 2012	6,950	ebay.com
4.		Leica M-E Typ 240	..	..	..	..	..	..	Jun 2019	3,999	ebay.com
5.		Leica M Typ 262	..	..	..	..	..	..	Nov 2015	5,195	ebay.com
6.		Leica M9	..	..	..	..	4.5/5	..	Sep 2009	7,999	ebay.com
7.		Leica M10	4.5/5	..	..	..	4/5	4.5/5	Jan 2017	6,595	ebay.com
8.		Leica M10-P	..	..	3/5	..	..	4/5	Aug 2018	7,995	ebay.com
9.		Leica M10-R	4.5/5	..	4/5	..	..	4/5	Jul 2020	8,295	ebay.com
10.		Leica Q2	..	..	4.5/5	84/100	4.5/5	4/5	Mar 2019	4,995	amazon.com
11.		Leica Q3	5/5	..	4.5/5	..	..	4.5/5	May 2023	5,995	amazon.com
12.		Leica SL	4/5	..	4/5	84/100	4.5/5	4/5	Oct 2015	7,450	ebay.com
13.		Nikon Z6 II	4.5/5	..	4/5	89/100	4.5/5	4.5/5	Oct 2020	1,999	amazon.com
14.		Panasonic GH5	4.5/5	+ +	..	85/100	4.5/5	5/5	Jan 2017	1,999	ebay.com
15.		Panasonic GH5 II	4.5/5	..	4.5/5	85/100	4.5/5	5/5	May 2021	1,699	amazon.com
16.		Panasonic S5 II	4.5/5	+ +	5/5	90/100	4.5/5	5/5	Jan 2023	1,999	amazon.com
17.		Sony A7 II	5/5	+	4/5	82/100	4.5/5	5/5	Nov 2014	1,999	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated 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. A score, therefore, has to be seen in close connection to the price and market introduction time of the camera, and comparisons of ratings among very different cameras or across long time periods have little meaning. Also, kindly note that some of the listed sites have over time developped their review approaches and their reporting style.

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Other camera comparisons

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