Leica V-LUX 2 vs Olympus E-P3

The Leica V-LUX 2 and the Olympus PEN E-P3 are two digital cameras that were officially introduced, respectively, in September 2010 and June 2011. The V-LUX 2 is a fixed lens compact, while the E-P3 is a mirrorless interchangeable lens camera. The cameras are based on a 1/2.3-inch (V-LUX 2) and a Four Thirds (E-P3) sensor. The Leica has a resolution of 14 megapixels, whereas the Olympus provides 12.2 MP.

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

Headline Specifications

Leica V-LUX 2		Olympus E-P3
Fixed lens compact camera		Mirrorless system camera
25-600mm f/2.8-5.2		Micro Four Thirds lenses
14 MP – 1/2.3" sensor		12.2 MP – Four Thirds sensor
1080/60i Video		1080/60i Video
ISO 100-1,600 (100 - 6,400)		ISO 200-12,800
Electronic viewfinder (202k dots)		Viewfinder optional
3.0" LCD – 460k dots		3.0" LCD – 614k dots
Swivel screen (not touch-sensitive)		Fixed touchscreen
11 shutter flaps per second		3 shutter flaps per second
Lens-based stabilization		In-body stabilization
410 shots per battery charge		330 shots per battery charge
124 x 80 x 95 mm, 520 g		122 x 69 x 34 mm, 369 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Leica V-LUX 2 and the Olympus PEN E-P3? 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 physical size and weight of the Leica V-LUX 2 and the Olympus E-P3 are illustrated in the side-by-side display below. 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 E-P3 can be obtained in three different colors (black, silver, white), while the V-LUX 2 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 Olympus E-P3 is notably smaller (15 percent) than the Leica V-LUX 2. In this context, it is worth noting that neither the V-LUX 2 nor the E-P3 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the V-LUX 2 has a lens built in, whereas the E-P3 is an interchangeable lens camera that requires a separate lens. Attaching the latter will add extra weight and bulk to the setup. You can compare the optics available for the E-P3 and their specifications in the Micro Four Thirds Lens Catalog.

Concerning battery life, the V-LUX 2 gets 410 shots out of its Leica BP-DC9 battery, while the E-P3 can take 330 images on a single charge of its Olympus BLS-5 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 V-LUX 2	124 mm	80 mm	95 mm	520 g	410	n	Sep 2010	849	ebay.com
2.		Olympus E-P3	122 mm	69 mm	34 mm	369 g	330	n	Jun 2011	799	ebay.com
3.		Canon G1 X Mark II	116 mm	74 mm	66 mm	553 g	240	n	Feb 2014	799	ebay.com
4.		Canon SX20	123 mm	88 mm	87 mm	600 g	..	n	Aug 2009	399	ebay.com
5.		Canon SX30	123 mm	92 mm	108 mm	601 g	370	n	Sep 2010	429	ebay.com
6.		Canon SX40	123 mm	92 mm	108 mm	600 g	380	n	Sep 2011	429	ebay.com
7.		Leica V-LUX 1	141 mm	86 mm	142 mm	734 g	360	n	Sep 2006	849	ebay.com
8.		Leica V-LUX 3	124 mm	81 mm	95 mm	540 g	410	n	Dec 2011	949	ebay.com
9.		Leica V-LUX 4	125 mm	87 mm	110 mm	588 g	540	n	Sep 2012	949	ebay.com
10.		Leica X Typ 113	133 mm	73 mm	78 mm	486 g	350	n	Sep 2014	2,295	ebay.com
11.		Olympus E-P1	121 mm	70 mm	36 mm	355 g	300	n	Jun 2009	799	ebay.com
12.		Olympus E-P2	121 mm	70 mm	36 mm	355 g	300	n	Nov 2009	799	ebay.com
13.		Olympus E-PL1	115 mm	72 mm	42 mm	334 g	290	n	Feb 2010	599	ebay.com
14.		Olympus E-PL2	114 mm	72 mm	42 mm	362 g	280	n	Jan 2011	599	ebay.com
15.		Olympus E-PL3	110 mm	64 mm	37 mm	313 g	300	n	Jun 2011	599	ebay.com
16.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
17.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
Note: Measurements and pricing do not include easily detachable parts, such as add-on or interchangeable lenses or optional viewfinders.
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Any camera decision will naturally be influenced heavily by the price. The manufacturer’s suggested retail prices give an idea on the placement of the camera in the maker’s lineup and the broader market. Normally, street prices remain initially close to the MSRP, but after a couple of months, the first discounts appear. 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 generally have larger individual pixels that offer better low-light sensitivity, provide wider dynamic range, and have richer color-depth than smaller pixels in a sensor of the same technological generation. Moreover, a large sensor camera will give the photographer more control over depth-of-field in the image and, thus, the ability to better isolate a subject from the background. On the downside, larger sensors tend to be associated with larger, more expensive camera bodies and lenses.

Of the two cameras under consideration, the Leica V-LUX 2 features a 1/2.3-inch sensor and the Olympus E-P3 a Four Thirds sensor. The sensor area in the E-P3 is 704 percent bigger. As a result of these sensor size differences, the cameras have a format factor of, respectively, 5.6 and 2.0. Both cameras feature a native aspect ratio (sensor width to sensor height) of 4:3.

Despite having a smaller sensor, the Leica V-LUX 2 offers a higher resolution of 14 megapixels, compared with 12.2 MP of the Olympus E-P3. This megapixels advantage comes at the cost of a higher pixel density and a smaller size of the individual pixel (with a pixel pitch of 1.41μm versus 4.29μm for the E-P3). Moreover, it should be noted that the E-P3 is a somewhat more recent model (by 9 months) than the V-LUX 2, and its sensor might have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixel-units. Coming back to sensor resolution, it should be mentioned that the V-LUX 2 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The resolution advantage of the Leica V-LUX 2 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the V-LUX 2 for good quality output (200 dots per inch) amounts to 21.6 x 16.2 inches or 54.9 x 41.1 cm, for very good quality (250 dpi) 17.3 x 13 inches or 43.9 x 32.9 cm, and for excellent quality (300 dpi) 14.4 x 10.8 inches or 36.6 x 27.4 cm. The corresponding values for the Olympus E-P3 are 20.2 x 15.1 inches or 51.2 x 38.4 cm for good quality, 16.1 x 12.1 inches or 41 x 30.7 cm for very good quality, and 13.4 x 10.1 inches or 34.1 x 25.6 cm for excellent quality prints.

The Leica V-LUX 2 has a native sensitivity range from ISO 100 to ISO 1600, which can be extended to ISO 100-6400. The corresponding ISO settings for the Olympus PEN E-P3 are ISO 200 to ISO 12800 (no boost).

Technology-wise, both cameras are equipped with CMOS (Complementary Metal–Oxide–Semiconductor) sensors. Both cameras use a Bayer filter for capturing RGB colors on a square grid of photosensors. This arrangement is found in most digital cameras.

Since 2007, DXO Mark has published sensor performance measurements that have been derived using a consistent methodology. 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 V-LUX 2	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	321	39
2.		Olympus E-P3	Four Thirds	12.2	4032	3024	1080/60i	20.8	10.1	536	51
3.		Canon G1 X Mark II	1.5-inch	13.0	4160	3120	1080/30p	21.5	10.8	581	58
4.		Canon SX20	1/2.3	12.0	4000	3000	720/30p	19.2	10.5	225	37
5.		Canon SX30	1/2.3	14.0	4320	3240	720/30p	19.4	10.7	320	39
6.		Canon SX40	1/2.3	12.0	4000	3000	1080/24p	19.6	10.9	409	41
7.		Leica V-LUX 1	1/1.8	10.0	3648	2736	480/30p	18.4	9.5	-727	29
8.		Leica V-LUX 3	1/2.3	12.0	4000	3000	1080/60p	19.7	11.0	430	42
9.		Leica V-LUX 4	1/2.3	12.0	4000	3000	1080/60p	19.8	11.1	501	43
10.		Leica X Typ 113	APS-C	16.1	4928	3264	1080/30p	23.6	12.8	1491	78
11.		Olympus E-P1	Four Thirds	12.2	4032	3024	720/30p	21.4	10.4	536	55
12.		Olympus E-P2	Four Thirds	12.2	4032	3024	720/30p	21.5	10.4	505	56
13.		Olympus E-PL1	Four Thirds	12.2	4032	3024	720/30p	21.5	10.1	487	54
14.		Olympus E-PL2	Four Thirds	12.2	4032	3024	720/30p	21.4	10.2	573	55
15.		Olympus E-PL3	Four Thirds	12.2	4032	3024	1080/60i	20.9	10.3	499	52
16.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
17.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
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 two cameras under consideration both have sensors whose read-out speed is fast enough to capture moving pictures, and both provide the same movie specifications (1080/60i).

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. For example, the V-LUX 2 has an electronic viewfinder (202k dots), which can be very helpful when shooting in bright sunlight. In contrast, the E-P3 relies on live view and the rear LCD for framing. That said, the E-P3 can be equipped with an optional viewfinder – the VF-3. The following table reports on some other key feature differences and similarities of the Leica V-LUX 2, the Olympus E-P3, 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 V-LUX 2	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
2.		Olympus E-P3	optional	n	3.0 / 614	fixed	Y	1/4000s	3.0/s	Y	Y
3.		Canon G1 X Mark II	optional	n	3.0 / 1040	tilting	Y	1/4000s	5.2/s	Y	Y
4.		Canon SX20	202	n	2.5 / 230	swivel	n	1/3200s	0.7/s	Y	Y
5.		Canon SX30	202	n	2.7 / 230	swivel	n	1/3200s	0.6/s	Y	Y
6.		Canon SX40	202	n	2.7 / 230	swivel	n	1/3200s	10.3/s	Y	Y
7.		Leica V-LUX 1	235	n	2.0 / 207	tilting	n	1/2000s	2.0/s	Y	Y
8.		Leica V-LUX 3	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
9.		Leica V-LUX 4	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
10.		Leica X Typ 113	optional	n	3.0 / 920	fixed	n	1/2000s	5.0/s	Y	n
11.		Olympus E-P1	none	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
12.		Olympus E-P2	optional	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
13.		Olympus E-PL1	optional	n	2.7 / 230	fixed	n	1/2000s	3.0/s	Y	Y
14.		Olympus E-PL2	optional	n	3.0 / 460	fixed	n	1/4000s	3.0/s	Y	Y
15.		Olympus E-PL3	optional	n	3.0 / 460	tilting	n	1/4000s	5.5/s	n	Y
16.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
17.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One differentiating feature between the two cameras concerns the touch sensitivity of the rear screen. The E-P3 has a touchscreen, while the V-LUX 2 has a conventional panel. Touch control can be particularly helpful, for example, for setting the focus point.

Concerning the storage of imaging data, both the V-LUX 2 and the E-P3 write their files to SDXC cards. The E-P3 supports UHS-I cards (Ultra High Speed data transfer of up to 104 MB/s), while the V-LUX 2 cannot take advantage of Ultra High Speed SD cards.

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 V-LUX 2 and Olympus PEN E-P3 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 V-LUX 2	Y	stereo / mono	-	-	mini	2.0	-	-	-
2.		Olympus E-P3	Y	stereo / -	-	-	mini	2.0	-	-	-
3.		Canon G1 X Mark II	Y	stereo / mono	-	-	mini	2.0	Y	Y	-
4.		Canon SX20	Y	stereo / mono	-	-	YES	2.0	-	-	-
5.		Canon SX30	Y	stereo / mono	-	-	YES	2.0	-	-	-
6.		Canon SX40	Y	stereo / mono	-	-	YES	2.0	-	-	-
7.		Leica V-LUX 1	Y	mono / mono	-	-	-	2.0	-	-	-
8.		Leica V-LUX 3	Y	stereo / -	-	-	mini	2.0	-	-	-
9.		Leica V-LUX 4	Y	stereo / mono	Y	-	mini	2.0	-	-	-
10.		Leica X Typ 113	Y	stereo / mono	-	-	mini	2.0	-	-	-
11.		Olympus E-P1	Y	stereo / -	-	-	mini	2.0	-	-	-
12.		Olympus E-P2	Y	stereo / -	-	-	mini	2.0	-	-	-
13.		Olympus E-PL1	Y	stereo / -	-	-	mini	2.0	-	-	-
14.		Olympus E-PL2	Y	stereo / -	-	-	mini	2.0	-	-	-
15.		Olympus E-PL3	Y	stereo / -	-	-	mini	2.0	-	-	-
16.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-

Both the V-LUX 2 and the E-P3 have been discontinued, but can regularly be found used on ebay. The V-LUX 2 was replaced by the Leica V-LUX 3, while the E-P3 was followed by the Olympus E-P5. Further information on the features and operation of the V-LUX 2 and E-P3 can be found, respectively, in the Leica V-LUX 2 Manual (free pdf) or the online Olympus E-P3 Manual.

Review summary

So how do things add up? Is the Leica V-LUX 2 better than the Olympus E-P3 or vice versa? Below is a summary of the relative strengths of each of the two contestants.

Arguments in favor of the Leica V-LUX 2:

• More detail: Offers more megapixels (14 vs 12.2MP) with a 7% higher linear resolution.
• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Easier framing: Has an electronic viewfinder for image composition and settings control.
• 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 burst: Shoots at higher frequency (11 vs 3 flaps/sec) to capture the decisive moment.
• Ready to shoot: Has a lens built-in, whereas the E-P3 requires a separate lens.
• Longer lasting: Can take more shots (410 versus 330) on a single battery charge.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More heavily discounted: Has been on the market for longer (launched in September 2010).

Reasons to prefer the Olympus PEN E-P3:

• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Better image quality: Is equipped with a larger and more technologically advanced 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.
• More detailed LCD: Has a higher resolution rear screen (614k vs 460k dots).
• Fewer buttons to press: Has a touchscreen to facilitate handling and shooting adjustments.
• Faster shutter: Has higher mechanical shutter speed (1/4000s vs 1/2000s) to freeze action.
• More flexible: Takes interchangeable lenses and can thus be used with specialty optics.
• More compact: Is smaller (122x69mm vs 124x80mm) and will fit more readily into a bag.
• Faster buffer clearing: Has an SD card interface that supports the UHS-I standard.
• More modern: Was introduced somewhat (9 months) more recently.

If the count of relative strengths (bullet points above) is taken as a measure, the E-P3 emerges as the winner of the match-up (12 : 10 points). However, the relevance of individual strengths will vary across photographers, so that you might want to apply your own weighing scheme to the summary points when reflecting and deciding on a new camera. 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.

How about other alternatives? Do the specifications of the Leica V-LUX 2 and the Olympus E-P3 place the cameras among the top in their class? Find out in the latest Best Superzoom Camera and Best Mirrorless Interchangeable Lens Camera listings whether the two cameras rank among the cream of the crop.

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 V-LUX 2 or the E-P3. 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 hands-on reviews by experts are important. The table below provides a synthesis of the camera assessments of some of the best known photo-gear 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 V-LUX 2	..	..	..	..	..	..	Sep 2010	849	ebay.com
2.		Olympus E-P3	..	83/100	..	74/100	4.5/5	4.5/5	Jun 2011	799	ebay.com
3.		Canon G1 X Mark II	3/5	+	..	77/100	4/5	4.5/5	Feb 2014	799	ebay.com
4.		Canon SX20	..	+ +	..	73/100	..	4/5	Aug 2009	399	ebay.com
5.		Canon SX30	3/5	+ +	..	..	3.5/5	4/5	Sep 2010	429	ebay.com
6.		Canon SX40	..	+	..	..	4.5/5	4/5	Sep 2011	429	ebay.com
7.		Leica V-LUX 1	..	..	..	..	..	..	Sep 2006	849	ebay.com
8.		Leica V-LUX 3	..	..	..	..	..	..	Dec 2011	949	ebay.com
9.		Leica V-LUX 4	..	..	..	..	..	..	Sep 2012	949	ebay.com
10.		Leica X Typ 113	3.5/5	..	..	..	3.5/5	4/5	Sep 2014	2,295	ebay.com
11.		Olympus E-P1	..	+	..	66/100	4/5	4.5/5	Jun 2009	799	ebay.com
12.		Olympus E-P2	3/5	+	..	69/100	4/5	4.5/5	Nov 2009	799	ebay.com
13.		Olympus E-PL1	..	86/100	..	69/100	4/5	4.5/5	Feb 2010	599	ebay.com
14.		Olympus E-PL2	3/5	83/100	..	71/100	4.5/5	4.5/5	Jan 2011	599	ebay.com
15.		Olympus E-PL3	3/5	+ +	..	72/100	4.5/5	4/5	Jun 2011	599	ebay.com
16.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
17.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The ratings are only valid when referring to cameras in the same category and of the same age. Hence, a score should always be seen in the context of the camera's market launch date and its price, and rating-comparisons among cameras that span long time periods or concern very differently equipped models make little sense. 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

Did this review help to inform your camera decision process? In case you would like to check on the differences and similarities of other camera models, just make your choice using the following search menu. There is also a set of direct links to comparison reviews that other users of the CAM-parator app explored.

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