Leica V-LUX 4 vs Olympus E-P3

The Leica V-LUX 4 and the Olympus PEN E-P3 are two digital cameras that were revealed to the public, respectively, in September 2012 and June 2011. The V-LUX 4 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 4) and a Four Thirds (E-P3) 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 4		Olympus E-P3
Fixed lens compact camera		Mirrorless system camera
25-600mm f/2.8		Micro Four Thirds lenses
12 MP – 1/2.3" sensor		12.2 MP – Four Thirds sensor
1080/60p Video		1080/60i Video
ISO 100-3,200 (100 - 6,400)		ISO 200-12,800
Electronic viewfinder (1312k dots)		Viewfinder optional
3.0" LCD – 460k dots		3.0" LCD – 614k dots
Swivel screen (not touch-sensitive)		Fixed touchscreen
12 shutter flaps per second		3 shutter flaps per second
Lens-based stabilization		In-body stabilization
540 shots per battery charge		330 shots per battery charge
125 x 87 x 110 mm, 588 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 4 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 4 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 successive views from the front, the top, and the rear 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 4 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 (23 percent) than the Leica V-LUX 4. In this context, it is worth noting that neither the V-LUX 4 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 4 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 4 gets 540 shots out of its Leica BP-DC12 battery, while the E-P3 can take 330 images on a single charge of its Olympus BLS-5 power pack.

The following table provides a synthesis of the main physical specifications of the two cameras and other similar ones. If you would like to visualize and compare a different camera combination, you can navigate to the CAM-parator app and make your selection from a broad list of cameras 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 4	125 mm	87 mm	110 mm	588 g	540	n	Sep 2012	949	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	117 mm	81 mm	65 mm	534 g	250	n	Jan 2012	799	ebay.com
4.		Canon G1 X Mark II	116 mm	74 mm	66 mm	553 g	240	n	Feb 2014	799	ebay.com
5.		Canon SX40	123 mm	92 mm	108 mm	600 g	380	n	Sep 2011	429	ebay.com
6.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	429	ebay.com
7.		Leica D-LUX 6	111 mm	68 mm	46 mm	298 g	330	n	Sep 2012	699	ebay.com
8.		Leica V-LUX 2	124 mm	80 mm	95 mm	520 g	410	n	Sep 2010	849	ebay.com
9.		Leica V-LUX 3	124 mm	81 mm	95 mm	540 g	410	n	Dec 2011	949	ebay.com
10.		Leica X Vario	133 mm	73 mm	95 mm	680 g	450	n	Jun 2013	2,850	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 FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
17.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	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

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. 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 imaging sensor is at the core of digital cameras and its size is one of the main determining factors 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. Further, a large sensor camera will give the photographer additional creative options when using shallow depth-of-field to isolate a subject from its 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 4 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.

With 12.2MP, the E-P3 offers a higher resolution than the V-LUX 4 (12MP), but the E-P3 nevertheless has larger individual pixels (pixel pitch of 4.29μm versus 1.53μm for the V-LUX 4) due to its larger sensor. However, the V-LUX 4 is a somewhat more recent model (by 1 year and 2 months) than the E-P3, and its sensor might 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 4 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The Leica V-LUX 4 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-P3 are ISO 200 to ISO 12800 (no boost).

In terms of underlying technology, the V-LUX 4 is build around a BSI-CMOS sensor, while the E-P3 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.

For many cameras, data on sensor performance has been reported by DXO Mark. This service determines an overall sensor rating, as well as sub-scores for low-light sensitivity ("DXO Sports"), dynamic range ("DXO Landscape"), and color depth ("DXO Portrait"). 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 4	1/2.3	12.0	4000	3000	1080/60p	19.8	11.1	501	43
2.		Olympus E-P3	Four Thirds	12.2	4032	3024	1080/60i	20.8	10.1	536	51
3.		Canon G1 X	1.5-inch	14.2	4352	3264	1080/24p	21.7	10.8	644	60
4.		Canon G1 X Mark II	1.5-inch	13.0	4160	3120	1080/30p	21.5	10.8	581	58
5.		Canon SX40	1/2.3	12.0	4000	3000	1080/24p	19.6	10.9	409	41
6.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
7.		Leica D-LUX 6	1/1.7	10.0	3648	2736	1080/60p	19.8	10.8	-303	43
8.		Leica V-LUX 2	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	321	39
9.		Leica V-LUX 3	1/2.3	12.0	4000	3000	1080/60p	19.7	11.0	430	42
10.		Leica X Vario	APS-C	16.1	4928	3272	1080/30p	23.4	12.7	1320	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 FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
17.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
Note: DXO values in italics represent estimates based on sensor size and age.

Many modern cameras cannot only take still pictures, but also record videos. Both cameras under consideration have a sensor with sufficiently fast read-out times for moving pictures, but the V-LUX 4 provides a higher frame rate than the E-P3. It can shoot video footage at 1080/60p, while the Olympus is limited to 1080/60i.

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. For example, the V-LUX 4 has an electronic viewfinder (1312k 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 4, 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 4	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/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	optical	n	3.0 / 922	swivel	n	1/4000s	1.9/s	Y	Y
4.		Canon G1 X Mark II	optional	n	3.0 / 1040	tilting	Y	1/4000s	5.2/s	Y	Y
5.		Canon SX40	202	n	2.7 / 230	swivel	n	1/3200s	10.3/s	Y	Y
6.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
7.		Leica D-LUX 6	optional	n	3.0 / 920	fixed	n	1/4000s	11.0/s	Y	Y
8.		Leica V-LUX 2	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
9.		Leica V-LUX 3	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
10.		Leica X Vario	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 FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
17.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	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 4 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 4 and the E-P3 write their files to SDXC cards. Both cameras can use UHS-I cards, which provide for Ultra High Speed data transfer of up to 104 MB/s.

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 4 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 4	Y	stereo / mono	Y	-	mini	2.0	-	-	-
2.		Olympus E-P3	Y	stereo / -	-	-	mini	2.0	-	-	-
3.		Canon G1 X	Y	stereo / mono	-	-	mini	2.0	-	-	-
4.		Canon G1 X Mark II	Y	stereo / mono	-	-	mini	2.0	Y	Y	-
5.		Canon SX40	Y	stereo / mono	-	-	YES	2.0	-	-	-
6.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
7.		Leica D-LUX 6	Y	stereo / mono	-	-	mini	2.0	-	-	-
8.		Leica V-LUX 2	Y	stereo / mono	-	-	mini	2.0	-	-	-
9.		Leica V-LUX 3	Y	stereo / -	-	-	mini	2.0	-	-	-
10.		Leica X Vario	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 FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
17.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-

It is notable that the V-LUX 4 has a microphone port, which is missing on the E-P3. Such an external microphone input can help to substantially improve the quality of audio recordings when a good external microphone is used.

Both the V-LUX 4 and the E-P3 have been discontinued, but can regularly be found used on ebay. The E-P3 was replaced by the Olympus E-P5, while the V-LUX 4 was followed by the Leica V-LUX Typ 114. Further information on the features and operation of the V-LUX 4 and E-P3 can be found, respectively, in the Leica V-LUX 4 Manual (free pdf) or the online Olympus E-P3 Manual.

Review summary

So what conclusions can be drawn? Which of the two cameras – the Leica V-LUX 4 or the Olympus E-P3 – 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.

Arguments in favor of the Leica V-LUX 4:

• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better video: Provides higher movie framerates (1080/60p versus 1080/60i).
• Better sound: Can connect to an external microphone for higher quality sound recording.
• 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 (12 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 (540 versus 330) 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 2 months after the E-P3).

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: 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.
• 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.
• More flexible: Takes interchangeable lenses and can thus be used with specialty optics.
• More compact: Is smaller (122x69mm vs 125x87mm) and will fit more readily into a bag.
• More heavily discounted: Has been on the market for longer (launched in June 2011).

If the count of relative strengths (bullet points above) is taken as a measure, the V-LUX 4 comes out slightly ahead of the E-P3 (11 : 10 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 wedding photographer will view the differences between cameras in a way that diverges from the perspective of a travel photog, and a person interested in cityscapes has distinct needs from a macro 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 4 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 the spec-sheets of cameras can offer a general idea of their imaging potential, it remains incomplete and does no justice, for example, to the way the V-LUX 4 or the E-P3 perform in practice. User reviews that are available, for instance, at amazon can sometimes shed light on these issues, but such feedback is all too often partial, inconsistent, and inaccurate.

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 V-LUX 4	..	..	..	..	..	..	Sep 2012	949	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	5/5	+	..	76/100	4/5	4.5/5	Jan 2012	799	ebay.com
4.		Canon G1 X Mark II	3/5	+	..	77/100	4/5	4.5/5	Feb 2014	799	ebay.com
5.		Canon SX40	..	+	..	..	4.5/5	4/5	Sep 2011	429	ebay.com
6.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	429	ebay.com
7.		Leica D-LUX 6	..	..	..	..	4/5	4/5	Sep 2012	699	ebay.com
8.		Leica V-LUX 2	..	..	..	..	..	..	Sep 2010	849	ebay.com
9.		Leica V-LUX 3	..	..	..	..	..	..	Dec 2011	949	ebay.com
10.		Leica X Vario	3/5	..	..	..	4/5	4/5	Jun 2013	2,850	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 FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
17.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.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 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

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