Nikon 1 V1 vs Olympus E-500

The Nikon 1 V1 and the Olympus Evolt E-500 are two digital cameras that were announced, respectively, in September 2011 and September 2005. The V1 is a mirrorless interchangeable lens camera, while the E-500 is a DSLR. The cameras are based on an one-inch (V1) and a Four Thirds (E-500) sensor. The Nikon has a resolution of 10 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

Nikon 1 V1		Olympus E-500
Mirrorless system camera		Digital single lens reflex
Nikon 1 mount lenses		Four Thirds lenses
10 MP – 1" sensor		8 MP – Four Thirds sensor
1080/60i Video		no Video
ISO 100-3,200 (100 - 6,400)		ISO 100-400 (100 - 1,600)
Electronic viewfinder (1440k dots)		Optical viewfinder
3.0" LCD – 921k dots		2.5" LCD – 215k dots
Fixed screen (not touch-sensitive)		Fixed screen (not touch-sensitive)
10 shutter flaps per second		2.5 shutter flaps per second
350 shots per battery charge		750 shots per battery charge
113 x 76 x 44 mm, 383 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 Nikon 1 V1 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 Nikon 1 V1 and the Olympus E-500. The two cameras are presented according to their relative size. Three successive views from the front, the top, and the rear are shown. All size dimensions 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 considerably larger (44 percent) than the Nikon 1 V1. Moreover, the E-500 is markedly heavier (25 percent) than the V1. In this context, it is worth noting that neither the V1 nor the E-500 are weather-sealed.

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 V1 gets 350 shots out of its Nikon EN-EL15 battery, while the E-500 can take 750 images on a single charge of its Olympus BLM-1 power pack.

The adjacent table lists the principal physical characteristics of the two cameras alongside a wider set of alternatives. 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.		Nikon 1 V1	113 mm	76 mm	44 mm	383 g	350	n	Sep 2011	799	ebay.com
2.		Olympus E-500	130 mm	95 mm	66 mm	479 g	750	n	Sep 2005	599	ebay.com
3.		Canon G15	107 mm	76 mm	40 mm	352 g	350	n	Sep 2012	499	ebay.com
4.		Fujifilm X10	117 mm	70 mm	57 mm	350 g	270	n	Sep 2011	599	ebay.com
5.		Nikon 1 J4	100 mm	60 mm	29 mm	232 g	300	n	Apr 2014	549	ebay.com
6.		Nikon 1 J5	98 mm	60 mm	32 mm	231 g	250	n	Apr 2015	399	ebay.com
7.		Nikon 1 V2	109 mm	82 mm	46 mm	278 g	310	n	Oct 2012	799	ebay.com
8.		Nikon 1 V3	111 mm	65 mm	33 mm	381 g	310	n	Mar 2014	799	ebay.com
9.		Olympus E-300	147 mm	85 mm	64 mm	624 g	750	n	Sep 2004	799	ebay.com
10.		Olympus E-330	140 mm	87 mm	72 mm	637 g	750	n	Jan 2006	999	ebay.com
11.		Olympus E-400	130 mm	91 mm	53 mm	435 g	500	n	Sep 2006	699	ebay.com
12.		Olympus E-410	130 mm	91 mm	53 mm	435 g	500	n	Mar 2007	699	ebay.com
13.		Olympus E-510	136 mm	92 mm	68 mm	538 g	750	n	Mar 2007	799	ebay.com
14.		Olympus E-P3	122 mm	69 mm	34 mm	369 g	330	n	Jun 2011	799	ebay.com
15.		Panasonic G2	124 mm	84 mm	74 mm	428 g	360	n	Mar 2010	599	ebay.com
16.		Panasonic G10	124 mm	84 mm	74 mm	388 g	380	n	Mar 2010	499	ebay.com
17.		Panasonic GX1	116 mm	68 mm	39 mm	318 g	320	n	Nov 2011	699	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 retail prices at the time of the camera’s release place the model in the market relative to other models in the producer’s line-up and the competition. The E-500 was launched at a somewhat lower price (by 25 percent) than the V1, which makes it more attractive for photographers on a tight budget. 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. 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. 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 associated with larger, more expensive camera bodies and lenses.

Of the two cameras under consideration, the Nikon 1 V1 features an one-inch sensor and the Olympus E-500 a Four Thirds sensor. The sensor area in the E-500 is 94 percent bigger. As a result of these sensor size differences, the cameras have a format factor of, respectively, 2.7 and 2.0. The sensor in the V1 has a native 3:2 aspect ratio, while the one in the E-500 offers a 4:3 aspect.

Despite having a smaller sensor, the Nikon 1 V1 offers a higher resolution of 10 megapixels, compared with 8 MP of the Olympus E-500. 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 3.41μm versus 5.30μm for the E-500). However, it should be noted that the V1 is much more recent (by 5 years and 11 months) than the E-500, and its sensor will have benefitted from technological advances during this time that make it possible to gather light more efficiently.

The resolution advantage of the Nikon 1 V1 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the V1 for good quality output (200 dots per inch) amounts to 19.4 x 13 inches or 49.2 x 32.9 cm, for very good quality (250 dpi) 15.5 x 10.4 inches or 39.3 x 26.3 cm, and for excellent quality (300 dpi) 12.9 x 8.6 inches or 32.8 x 21.9 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 Nikon 1 V1 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 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 V1 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 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 adjacent table reports on the physical sensor characteristics and the outcomes of the DXO sensor quality tests for a sample of comparator-cameras.

Sensor Characteristics

		Camera Model	Sensor Class	Resolution (MP)	Horiz. Pixels	Vert. Pixels	Video Format	DXO Portrait	DXO Landscape	DXO Sports	DXO Overall
1.		Nikon 1 V1	1-inch	10.0	3872	2592	1080/60i	21.3	11.0	346	54
2.		Olympus E-500	Four Thirds	8.0	3264	2448	none	20.7	10.3	45	51
3.		Canon G15	1/1.7	12.0	4000	3000	1080/24p	19.9	11.5	165	46
4.		Fujifilm X10	2/3	12.0	4000	3000	1080/30p	20.5	11.3	245	50
5.		Nikon 1 J4	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	426	53
6.		Nikon 1 J5	1-inch	20.7	5568	3712	4K/15p	21.1	12.0	479	65
7.		Nikon 1 V2	1-inch	14.2	4608	3072	1080/60p	20.2	10.8	403	50
8.		Nikon 1 V3	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	384	52
9.		Olympus E-300	Four Thirds	8.0	3264	2448	none	20.4	10.1	-40	48
10.		Olympus E-330	Four Thirds	7.4	3136	2352	none	20.8	10.4	73	52
11.		Olympus E-400	Four Thirds	10.0	3648	2736	none	21.0	10.6	127	53
12.		Olympus E-410	Four Thirds	10.0	3648	2736	none	21.1	10.0	494	51
13.		Olympus E-510	Four Thirds	10.0	3648	2736	none	21.2	10.0	442	52
14.		Olympus E-P3	Four Thirds	12.2	4032	3024	1080/60i	20.8	10.1	536	51
15.		Panasonic G2	Four Thirds	12.0	4000	3000	720/30p	21.2	10.3	493	53
16.		Panasonic G10	Four Thirds	12.0	4000	3000	720/30p	21.2	10.1	411	52
17.		Panasonic GX1	Four Thirds	15.8	4592	3448	1080/60p	20.8	10.6	703	55
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. The V1 indeed provides movie recording capabilities, while the E-500 does not. The highest resolution format that the V1 can use is 1080/60i.

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. For example, the V1 has an electronic viewfinder (1440k dots), while the E-500 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 adjacent table lists some of the other core features of the Nikon 1 V1 and Olympus E-500 along with similar information for a selection of comparators.

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.		Nikon 1 V1	1440	n	3.0 / 921	fixed	n	1/4000s	10.0/s	n	n
2.		Olympus E-500	optical	n	2.5 / 215	fixed	n	1/4000s	2.5/s	Y	n
3.		Canon G15	optical	n	3.0 / 922	fixed	n	1/4000s	2.1/s	Y	Y
4.		Fujifilm X10	optical	n	2.8 / 460	fixed	n	1/4000s	10.0/s	Y	Y
5.		Nikon 1 J4	none	n	3.0 / 1037	Fixed	Y	1/4000s	60.0/s	Y	n
6.		Nikon 1 J5	none	n	3.0 / 1037	tilting	Y	1/4000s	60.0/s	Y	n
7.		Nikon 1 V2	1440	n	3.0 / 921	fixed	n	1/4000s	15.0/s	Y	n
8.		Nikon 1 V3	optional	n	3.0 / 1037	tilting	Y	1/4000s	60.0/s	Y	n
9.		Olympus E-300	optical	n	1.8 / 134	fixed	n	1/4000s	2.5/s	Y	n
10.		Olympus E-330	optical	n	2.5 / 215	tilting	n	1/4000s	3.0/s	Y	n
11.		Olympus E-400	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	n
12.		Olympus E-410	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	n
13.		Olympus E-510	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	Y
14.		Olympus E-P3	optional	n	3.0 / 614	fixed	Y	1/4000s	3.0/s	Y	Y
15.		Panasonic G2	1440	n	3.0 / 460	swivel	Y	1/4000s	2.6/s	Y	n
16.		Panasonic G10	202	n	3.0 / 460	fixed	n	1/4000s	2.6/s	Y	n
17.		Panasonic GX1	optional	n	3.0 / 460	fixed	Y	1/4000s	4.2/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 E-500 has one, while the V1 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 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, the V1 is one of those camera that have an additional 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 Nikon 1 V1 has 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.

The V1 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 V1 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 Nikon 1 V1 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.		Nikon 1 V1	-	stereo / mono	-	-	mini	2.0	-	-	-
2.		Olympus E-500	Y	- / -	-	-	-	2.0	-	-	-
3.		Canon G15	Y	stereo / mono	-	-	mini	2.0	-	-	-
4.		Fujifilm X10	Y	stereo / mono	-	-	mini	2.0	-	-	-
5.		Nikon 1 J4	-	stereo / mono	-	-	mini	2.0	Y	-	-
6.		Nikon 1 J5	-	stereo / mono	-	-	micro	2.0	Y	Y	-
7.		Nikon 1 V2	-	stereo / mono	-	-	mini	2.0	-	-	-
8.		Nikon 1 V3	-	stereo / mono	Y	-	mini	2.0	Y	-	-
9.		Olympus E-300	Y	- / -	-	-	-	2.0	-	-	-
10.		Olympus E-330	Y	- / -	-	-	-	2.0	-	-	-
11.		Olympus E-400	Y	- / -	-	-	-	2.0	-	-	-
12.		Olympus E-410	Y	- / -	-	-	-	2.0	-	-	-
13.		Olympus E-510	Y	- / -	-	-	-	2.0	-	-	-
14.		Olympus E-P3	Y	stereo / -	-	-	mini	2.0	-	-	-
15.		Panasonic G2	Y	stereo / mono	-	-	mini	2.0	-	-	-
16.		Panasonic G10	Y	mono / -	-	-	mini	2.0	-	-	-
17.		Panasonic GX1	Y	stereo / mono	-	-	mini	2.0	-	-	-

It is notable that the E-500 has a hotshoe, which makes it possible to easily attach optional accessories, such as an external flash gun. The V1 does not feature such an accessory-socket.

Both the V1 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 V1 was followed by the Nikon 1 V2. Further information on the features and operation of the V1 and E-500 can be found, respectively, in the Nikon 1 V1 Manual (free pdf) or the online Olympus E-500 Manual.

Review summary

So how do things add up? Which of the two cameras – the Nikon 1 V1 or the Olympus E-500 – has the upper hand? Is one clearly better than the other? A synthesis of the relative strong points of each of the models is listed below.

Arguments in favor of the Nikon 1 V1:

• More detail: Offers more megapixels (10 vs 8MP) with a 14% higher linear resolution.
• Broader imaging potential: Can record not only still images but also 1080/60i movies.
• More framing info: Has an electronic viewfinder that displays shooting data.
• 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 (921k vs 215k dots).
• Faster burst: Shoots at higher frequency (10 vs 2.5 flaps/sec) to capture the decisive moment.
• Less disturbing: Has an electronic shutter option for completely silent shooting.
• Easier time-lapse photography: Has an intervalometer built-in for low frequency shooting.
• More compact: Is smaller (113x76mm vs 130x95mm) and thus needs less room in the bag.
• Less heavy: Is lighter (by 96g or 20 percent) and hence easier to carry around.
• More legacy lens friendly: Can take a broad range of non-native lenses via adapters.
• More modern: Reflects 5 years and 11 months of technical progress since the E-500 launch.

Advantages of the Olympus Evolt E-500:

• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Longer lasting: Gets more shots (750 versus 350) out of a single battery charge.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• Better lighting: Features a hotshoe and can thus hold and trigger an external flash gun.
• Greater peace of mind: Features a second card slot as a backup in case of memory card failure.
• More affordable: Was released into a lower priced segment (25 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 V1 is the clear winner of the match-up (12 : 7 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 Nikon 1 V1 and the Olympus E-500 place the cameras among the top in their class? Find out in the latest Best Mirrorless Interchangeable Lens Camera and Best DSLR Camera listings whether the two cameras rank among the cream of the crop.

In any case, while the specs-based evaluation of cameras can be instructive in revealing their potential as photographic tools, it remains partial and cannot reveal, for example, the shooting experience and imaging performance when actually working with the V1 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 where reviews by experts come in. 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.		Nikon 1 V1	..	+	..	69/100	4.5/5	4/5	Sep 2011	799	ebay.com
2.		Olympus E-500	..	76/100	..	+ +	..	..	Sep 2005	599	ebay.com
3.		Canon G15	4/5	+	..	76/100	4.5/5	4.5/5	Sep 2012	499	ebay.com
4.		Fujifilm X10	..	..	..	76/100	4/5	4.5/5	Sep 2011	599	ebay.com
5.		Nikon 1 J4	3/5	..	..	..	4.5/5	4/5	Apr 2014	549	ebay.com
6.		Nikon 1 J5	..	..	..	..	4.5/5	4.5/5	Apr 2015	399	ebay.com
7.		Nikon 1 V2	3/5	..	..	..	4.5/5	4/5	Oct 2012	799	ebay.com
8.		Nikon 1 V3	3/5	..	..	76/100	4.5/5	4/5	Mar 2014	799	ebay.com
9.		Olympus E-300	..	..	..	+	o	4.5/5	Sep 2004	799	ebay.com
10.		Olympus E-330	..	..	..	+	o	..	Jan 2006	999	ebay.com
11.		Olympus E-400	..	85/100	..	..	4/5	4/5	Sep 2006	699	ebay.com
12.		Olympus E-410	..	86/100	..	+ +	4/5	4.5/5	Mar 2007	699	ebay.com
13.		Olympus E-510	..	89/100	..	+ +	3.5/5	4.5/5	Mar 2007	799	ebay.com
14.		Olympus E-P3	..	83/100	..	74/100	4.5/5	4.5/5	Jun 2011	799	ebay.com
15.		Panasonic G2	..	..	..	72/100	4/5	4.5/5	Mar 2010	599	ebay.com
16.		Panasonic G10	3/5	..	..	70/100	4/5	4/5	Mar 2010	499	ebay.com
17.		Panasonic GX1	3/5	+	..	77/100	4.5/5	4.5/5	Nov 2011	699	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The assessments were made in relation to similar cameras of the same technological generation. Hence, a score should always be seen in the context of the camera's market launch date and its price, and comparing ratings of very distinct cameras or ones that are far apart in terms of their release date 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 are interested in seeing how other cameras pair up, just make your choice using the following search menu. As an alternative, you can also directly jump to any one of the listed comparisons that were previously generated by the CAM-parator tool.

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