Leica V-LUX 3 vs Olympus E-P2

The Leica V-LUX 3 and the Olympus PEN E-P2 are two digital cameras that were revealed to the public, respectively, in December 2011 and November 2009. The V-LUX 3 is a fixed lens compact, while the E-P2 is a mirrorless interchangeable lens camera. The cameras are based on a 1/2.3-inch (V-LUX 3) and a Four Thirds (E-P2) sensor. The Leica has a resolution of 12 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 3		Olympus E-P2
Fixed lens compact camera		Mirrorless system camera
25-600mm f/2.8-5.2		Micro Four Thirds lenses
12 MP – 1/2.3" sensor		12.2 MP – Four Thirds sensor
1080/60p Video		720/30p Video
ISO 100-3,200 (100 - 6,400)		ISO 100-6,400
Electronic viewfinder (202k dots)		Viewfinder optional
3.0" LCD – 460k dots		3.0" LCD – 230k dots
Swivel screen (not touch-sensitive)		Fixed screen (not touch-sensitive)
12 shutter flaps per second		3 shutter flaps per second
Lens-based stabilization		In-body stabilization
410 shots per battery charge		300 shots per battery charge
124 x 81 x 95 mm, 540 g		121 x 70 x 36 mm, 355 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Leica V-LUX 3 and the Olympus PEN E-P2? 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 3 and the Olympus E-P2 are illustrated in the side-by-side display below. The two cameras are presented according to their relative size. Three successive views from the front, the top, and the rear are shown. All width, height and depth measures are rounded to the nearest millimeter.

The E-P2 can be obtained in three different colors (black, silver, white), while the V-LUX 3 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-P2 is notably smaller (16 percent) than the Leica V-LUX 3. In this context, it is worth noting that neither the V-LUX 3 nor the E-P2 are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the V-LUX 3 has a lens built in, whereas the E-P2 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-P2 and their specifications in the Micro Four Thirds Lens Catalog.

Concerning battery life, the V-LUX 3 gets 410 shots out of its Leica BP-DC9 battery, while the E-P2 can take 300 images on a single charge of its Olympus BLS-1 power pack.

The following table provides a synthesis of the main physical specifications of the two cameras and other similar ones. 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 3	124 mm	81 mm	95 mm	540 g	410	n	Dec 2011	949	ebay.com
2.		Olympus E-P2	121 mm	70 mm	36 mm	355 g	300	n	Nov 2009	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 G1 X	117 mm	81 mm	65 mm	534 g	250	n	Jan 2012	799	ebay.com
5.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	429	ebay.com
6.		Canon SX40	123 mm	92 mm	108 mm	600 g	380	n	Sep 2011	429	ebay.com
7.		Canon SX30	123 mm	92 mm	108 mm	601 g	370	n	Sep 2010	429	ebay.com
8.		Leica V-LUX 4	125 mm	87 mm	110 mm	588 g	540	n	Sep 2012	949	ebay.com
9.		Leica V-LUX 2	124 mm	80 mm	95 mm	520 g	410	n	Sep 2010	849	ebay.com
10.		Olympus E-P3	122 mm	69 mm	34 mm	369 g	330	n	Jun 2011	799	ebay.com
11.		Olympus E-PL2	114 mm	72 mm	42 mm	362 g	280	n	Jan 2011	599	ebay.com
12.		Olympus E-PL3	110 mm	64 mm	37 mm	313 g	300	n	Jun 2011	599	ebay.com
13.		Olympus E-P1	121 mm	70 mm	36 mm	355 g	300	n	Jun 2009	799	ebay.com
14.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
15.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
16.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
17.		Panasonic GH1	124 mm	90 mm	45 mm	385 g	300	n	Mar 2009	899	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. 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 imaging sensor is a crucial determinant 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. 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 3 features a 1/2.3-inch sensor and the Olympus E-P2 a Four Thirds sensor. The sensor area in the E-P2 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.

With 12.2MP, the E-P2 offers a higher resolution than the V-LUX 3 (12MP), but the E-P2 nevertheless has larger individual pixels (pixel pitch of 4.29μm versus 1.53μm for the V-LUX 3) due to its larger sensor. However, the V-LUX 3 is a much more recent model (by 2 years and 1 month) than the E-P2, and its sensor will have benefitted from technological advances during this time that enhance the light gathering capacity of its pixel-units. Coming back to sensor resolution, it should be mentioned that the V-LUX 3 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The Leica V-LUX 3 has a native sensitivity range from ISO 100 to ISO 3200, which can be extended to ISO 100-6400. The corresponding ISO settings for the Olympus PEN E-P2 are ISO 100 to ISO 6400 (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.

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"). The following table provides an overview of the physical sensor characteristics, as well as the sensor quality measurements for a selection of comparators.

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 3	1/2.3	12.0	4000	3000	1080/60p	19.7	11.0	430	42
2.		Olympus E-P2	Four Thirds	12.2	4032	3024	720/30p	21.5	10.4	505	56
3.		Canon G1 X Mark II	1.5-inch	13.0	4160	3120	1080/30p	21.5	10.8	581	58
4.		Canon G1 X	1.5-inch	14.2	4352	3264	1080/24p	21.7	10.8	644	60
5.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
6.		Canon SX40	1/2.3	12.0	4000	3000	1080/24p	19.6	10.9	409	41
7.		Canon SX30	1/2.3	14.0	4320	3240	720/30p	19.4	10.7	320	39
8.		Leica V-LUX 4	1/2.3	12.0	4000	3000	1080/60p	19.8	11.1	501	43
9.		Leica V-LUX 2	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	321	39
10.		Olympus E-P3	Four Thirds	12.2	4032	3024	1080/60i	20.8	10.1	536	51
11.		Olympus E-PL2	Four Thirds	12.2	4032	3024	720/30p	21.4	10.2	573	55
12.		Olympus E-PL3	Four Thirds	12.2	4032	3024	1080/60i	20.9	10.3	499	52
13.		Olympus E-P1	Four Thirds	12.2	4032	3024	720/30p	21.4	10.4	536	55
14.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
15.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
16.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
17.		Panasonic GH1	Four Thirds	12.0	4000	3000	1080/24p	21.6	11.6	772	64
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, but the V-LUX 3 provides a higher video resolution than the E-P2. It can shoot video footage at 1080/60p, while the Olympus is limited to 720/30p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. For example, the V-LUX 3 has an electronic viewfinder (202k dots), which can be very helpful when shooting in bright sunlight. In contrast, the E-P2 relies on live view and the rear LCD for framing. That said, the E-P2 can be equipped with an optional viewfinder – the VF-2. The following table reports on some other key feature differences and similarities of the Leica V-LUX 3, the Olympus E-P2, 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 3	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
2.		Olympus E-P2	optional	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
3.		Canon G1 X Mark II	optional	n	3.0 / 1040	tilting	Y	1/4000s	5.2/s	Y	Y
4.		Canon G1 X	optical	n	3.0 / 922	swivel	n	1/4000s	1.9/s	Y	Y
5.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
6.		Canon SX40	202	n	2.7 / 230	swivel	n	1/3200s	10.3/s	Y	Y
7.		Canon SX30	202	n	2.7 / 230	swivel	n	1/3200s	0.6/s	Y	Y
8.		Leica V-LUX 4	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
9.		Leica V-LUX 2	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
10.		Olympus E-P3	optional	n	3.0 / 614	fixed	Y	1/4000s	3.0/s	Y	Y
11.		Olympus E-PL2	optional	n	3.0 / 460	fixed	n	1/4000s	3.0/s	Y	Y
12.		Olympus E-PL3	optional	n	3.0 / 460	tilting	n	1/4000s	5.5/s	n	Y
13.		Olympus E-P1	none	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
14.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
15.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
16.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
17.		Panasonic GH1	1440	n	3.0 / 460	swivel	n	1/4000s	3.0/s	Y	n
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 V-LUX 3 has one, while the E-P2 does not. While the built-in flash of the V-LUX 3 is not very powerful, it can at times be useful as a fill-in light.

The V-LUX 3 writes its imaging data to SDXC cards, while the E-P2 uses SDHC 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 3 and Olympus PEN E-P2 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 3	Y	stereo / -	-	-	mini	2.0	-	-	-
2.		Olympus E-P2	Y	stereo / -	-	-	mini	2.0	-	-	-
3.		Canon G1 X Mark II	Y	stereo / mono	-	-	mini	2.0	Y	Y	-
4.		Canon G1 X	Y	stereo / mono	-	-	mini	2.0	-	-	-
5.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
6.		Canon SX40	Y	stereo / mono	-	-	YES	2.0	-	-	-
7.		Canon SX30	Y	stereo / mono	-	-	YES	2.0	-	-	-
8.		Leica V-LUX 4	Y	stereo / mono	Y	-	mini	2.0	-	-	-
9.		Leica V-LUX 2	Y	stereo / mono	-	-	mini	2.0	-	-	-
10.		Olympus E-P3	Y	stereo / -	-	-	mini	2.0	-	-	-
11.		Olympus E-PL2	Y	stereo / -	-	-	mini	2.0	-	-	-
12.		Olympus E-PL3	Y	stereo / -	-	-	mini	2.0	-	-	-
13.		Olympus E-P1	Y	stereo / -	-	-	mini	2.0	-	-	-
14.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
15.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
16.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Panasonic GH1	Y	stereo / -	Y	-	mini	2.0	-	-	-

Both the V-LUX 3 and the E-P2 have been discontinued, but can regularly be found used on ebay. The E-P2 was replaced by the Olympus E-P3, while the V-LUX 3 was followed by the Leica V-LUX 4. Further information on the features and operation of the V-LUX 3 and E-P2 can be found, respectively, in the Leica V-LUX 3 Manual (free pdf) or the online Olympus E-P2 Manual.

Review summary

So what conclusions can be drawn? Is there a clear favorite between the Leica V-LUX 3 and the Olympus E-P2? Which camera is better? The listing below highlights the relative strengths of the two models.

Reasons to prefer the Leica V-LUX 3:

• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better video: Provides higher definition movie capture (1080/60p vs 720/30p).
• Easier framing: Has an electronic viewfinder for image composition and settings control.
• More detailed LCD: Has a higher resolution rear screen (460k vs 230k dots).
• 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 (12 vs 3 flaps/sec) to capture the decisive moment.
• Ready to shoot: Has a lens built-in, whereas the E-P2 requires a separate lens.
• Longer lasting: Can take more shots (410 versus 300) on a single battery charge.
• Easier fill-in: Is equipped with a small onboard flash to brighten deep shadow areas.
• More prestigious: Has the Leica luxury appeal, which ensures a high resale price.
• More modern: Reflects 2 years and 1 month of technical progress since the E-P2 launch.

Arguments in favor of the Olympus PEN E-P2:

• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Better image quality: Features bigger pixels on a larger sensor for higher quality imaging.
• Richer colors: The pixel size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger pixels capture a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger pixels means good image quality even under poor lighting.
• 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 (121x70mm vs 124x81mm) and will fit more readily into a bag.
• More heavily discounted: Has been around for much longer (launched in November 2009).

If the count of individual advantages (bullet points above) is taken as a guide, the V-LUX 3 emerges as the winner of the contest (12 : 9 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 3 and the Olympus E-P2 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 the spec-sheets of cameras can offer a general idea of their imaging potential, it remains partial and cannot reveal, for example, the shooting experience and imaging performance when actually working with the V-LUX 3 or the E-P2. 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 3	..	..	..	..	..	..	Dec 2011	949	ebay.com
2.		Olympus E-P2	3/5	+	..	69/100	4/5	4.5/5	Nov 2009	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 G1 X	5/5	+	..	76/100	4/5	4.5/5	Jan 2012	799	ebay.com
5.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	429	ebay.com
6.		Canon SX40	..	+	..	..	4.5/5	4/5	Sep 2011	429	ebay.com
7.		Canon SX30	3/5	+ +	..	..	3.5/5	4/5	Sep 2010	429	ebay.com
8.		Leica V-LUX 4	..	..	..	..	..	..	Sep 2012	949	ebay.com
9.		Leica V-LUX 2	..	..	..	..	..	..	Sep 2010	849	ebay.com
10.		Olympus E-P3	..	83/100	..	74/100	4.5/5	4.5/5	Jun 2011	799	ebay.com
11.		Olympus E-PL2	3/5	83/100	..	71/100	4.5/5	4.5/5	Jan 2011	599	ebay.com
12.		Olympus E-PL3	3/5	+ +	..	72/100	4.5/5	4/5	Jun 2011	599	ebay.com
13.		Olympus E-P1	..	+	..	66/100	4/5	4.5/5	Jun 2009	799	ebay.com
14.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
15.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
16.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
17.		Panasonic GH1	..	+ +	..	72/100	4.5/5	4.5/5	Mar 2009	899	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The above review scores should be interpreted with care, though. The assessments were made in relation to similar cameras of the same technological generation. Thus, a score needs to be put into the context of the launch date and the launch price 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

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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