Nikon 1 V2 vs Olympus E-500

The Nikon 1 V2 and the Olympus Evolt E-500 are two digital cameras that were revealed to the public, respectively, in October 2012 and September 2005. The V2 is a mirrorless interchangeable lens camera, while the E-500 is a DSLR. The cameras are based on an one-inch (V2) and a Four Thirds (E-500) sensor. The Nikon has a resolution of 14.2 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 V2		Olympus E-500
Mirrorless system camera		Digital single lens reflex
Nikon 1 mount lenses		Four Thirds lenses
14.2 MP – 1" sensor		8 MP – Four Thirds sensor
1080/60p Video		no Video
ISO 160-12,800		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)
15 shutter flaps per second		2.5 shutter flaps per second
310 shots per battery charge		750 shots per battery charge
109 x 82 x 46 mm, 278 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 V2 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

An illustration of the physical size and weight of the Nikon 1 V2 and the Olympus E-500 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three consecutive perspectives from the front, the top, and the back are available. All width, height and depth dimensions are rounded to the nearest millimeter.

The V2 can be obtained in two different colors (black, white), while the E-500 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-500 is notably larger (38 percent) than the Nikon 1 V2. Moreover, the E-500 is substantially heavier (72 percent) than the V2. In this context, it is worth noting that neither the V2 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.

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 V2	109 mm	82 mm	46 mm	278 g	310	n	Oct 2012	799	ebay.com
2.		Olympus E-500	130 mm	95 mm	66 mm	479 g	750	n	Sep 2005	599	ebay.com
3.		Canon G1 X	117 mm	81 mm	65 mm	534 g	250	n	Jan 2012	799	ebay.com
4.		Fujifilm X-M1	117 mm	67 mm	39 mm	330 g	350	n	Jun 2013	699	ebay.com
5.		Nikon 1 J4	100 mm	60 mm	29 mm	232 g	300	n	Apr 2014	549	ebay.com
6.		Nikon 1 V1	113 mm	76 mm	44 mm	383 g	350	n	Sep 2011	799	ebay.com
7.		Nikon 1 V3	111 mm	65 mm	33 mm	381 g	310	n	Mar 2014	799	ebay.com
8.		Olympus E-300	147 mm	85 mm	64 mm	624 g	750	n	Sep 2004	799	ebay.com
9.		Olympus E-330	140 mm	87 mm	72 mm	637 g	750	n	Jan 2006	999	ebay.com
10.		Olympus E-400	130 mm	91 mm	53 mm	435 g	500	n	Sep 2006	699	ebay.com
11.		Olympus E-410	130 mm	91 mm	53 mm	435 g	500	n	Mar 2007	699	ebay.com
12.		Olympus E-510	136 mm	92 mm	68 mm	538 g	750	n	Mar 2007	799	ebay.com
13.		Panasonic GF5	108 mm	67 mm	37 mm	267 g	360	n	Apr 2012	499	ebay.com
14.		Panasonic GF6	111 mm	65 mm	38 mm	323 g	340	n	Apr 2013	499	ebay.com
15.		Panasonic GX1	116 mm	68 mm	39 mm	318 g	320	n	Nov 2011	699	ebay.com
16.		Ricoh GR	117 mm	61 mm	35 mm	245 g	290	n	Apr 2013	799	ebay.com
17.		Sony RX100 II	102 mm	58 mm	38 mm	281 g	350	n	Jun 2013	749	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 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. The E-500 was launched at a somewhat lower price (by 25 percent) than the V2, 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. Then, after the new model is out, very good deals can frequently be found on the pre-owned market.

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. 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.

Of the two cameras under consideration, the Nikon 1 V2 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 V2 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 V2 offers a higher resolution of 14.2 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 2.86μm versus 5.30μm for the E-500). However, it should be noted that the V2 is much more recent (by 7 years) 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 V2 implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the V2 for good quality output (200 dots per inch) amounts to 23 x 15.4 inches or 58.5 x 39 cm, for very good quality (250 dpi) 18.4 x 12.3 inches or 46.8 x 31.2 cm, and for excellent quality (300 dpi) 15.4 x 10.2 inches or 39 x 26 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 V2 has on-sensor phase detect pixels, which results in fast and reliable autofocus acquisition even during live view operation.

The Nikon 1 V2 has a native sensitivity range from ISO 160 to ISO 12800. 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 V2 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.

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 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 V2	1-inch	14.2	4608	3072	1080/60p	20.2	10.8	403	50
2.		Olympus E-500	Four Thirds	8.0	3264	2448	none	20.7	10.3	45	51
3.		Canon G1 X	1.5-inch	14.2	4352	3264	1080/24p	21.7	10.8	644	60
4.		Fujifilm X-M1	APS-C	16.0	4896	3264	1080/30p	23.4	12.6	1371	76
5.		Nikon 1 J4	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	426	53
6.		Nikon 1 V1	1-inch	10.0	3872	2592	1080/60i	21.3	11.0	346	54
7.		Nikon 1 V3	1-inch	18.2	5232	3488	1080/60p	20.8	10.7	384	52
8.		Olympus E-300	Four Thirds	8.0	3264	2448	none	20.4	10.1	-40	48
9.		Olympus E-330	Four Thirds	7.4	3136	2352	none	20.8	10.4	73	52
10.		Olympus E-400	Four Thirds	10.0	3648	2736	none	21.0	10.6	127	53
11.		Olympus E-410	Four Thirds	10.0	3648	2736	none	21.1	10.0	494	51
12.		Olympus E-510	Four Thirds	10.0	3648	2736	none	21.2	10.0	442	52
13.		Panasonic GF5	Four Thirds	12.0	4000	3000	1080/60i	20.5	10.0	573	50
14.		Panasonic GF6	Four Thirds	15.8	4592	3448	1080/60i	20.7	10.6	622	54
15.		Panasonic GX1	Four Thirds	15.8	4592	3448	1080/60p	20.8	10.6	703	55
16.		Ricoh GR	APS-C	16.1	4928	3264	1080/30p	23.6	13.5	972	78
17.		Sony RX100 II	1-inch	20.0	5472	3648	1080/60p	22.5	12.4	483	67
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 V2 indeed provides movie recording capabilities, while the E-500 does not. The highest resolution format that the V2 can use is 1080/60p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. For example, the V2 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 V2 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 V2	1440	n	3.0 / 921	fixed	n	1/4000s	15.0/s	Y	n
2.		Olympus E-500	optical	n	2.5 / 215	fixed	n	1/4000s	2.5/s	Y	n
3.		Canon G1 X	optical	n	3.0 / 922	swivel	n	1/4000s	1.9/s	Y	Y
4.		Fujifilm X-M1	none	n	3.0 / 920	tilting	n	1/4000s	5.6/s	Y	n
5.		Nikon 1 J4	none	n	3.0 / 1037	Fixed	Y	1/4000s	60.0/s	Y	n
6.		Nikon 1 V1	1440	n	3.0 / 921	fixed	n	1/4000s	10.0/s	n	n
7.		Nikon 1 V3	optional	n	3.0 / 1037	tilting	Y	1/4000s	60.0/s	Y	n
8.		Olympus E-300	optical	n	1.8 / 134	fixed	n	1/4000s	2.5/s	Y	n
9.		Olympus E-330	optical	n	2.5 / 215	tilting	n	1/4000s	3.0/s	Y	n
10.		Olympus E-400	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	n
11.		Olympus E-410	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	n
12.		Olympus E-510	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	Y
13.		Panasonic GF5	none	n	3.0 / 920	fixed	Y	1/4000s	4.0/s	Y	n
14.		Panasonic GF6	none	n	3.0 / 1040	tilting	Y	1/4000s	4.2/s	Y	n
15.		Panasonic GX1	optional	n	3.0 / 460	fixed	Y	1/4000s	4.2/s	Y	n
16.		Ricoh GR	optional	n	3.0 / 1230	fixed	n	1/4000s	4.0/s	Y	n
17.		Sony RX100 II	optional	n	3.0 / 1229	tilting	n	1/2000s	10.0/s	Y	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, the V2 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 V2 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 V2 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 V2 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 V2 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 V2	-	stereo / mono	-	-	mini	2.0	-	-	-
2.		Olympus E-500	Y	- / -	-	-	-	2.0	-	-	-
3.		Canon G1 X	Y	stereo / mono	-	-	mini	2.0	-	-	-
4.		Fujifilm X-M1	Y	stereo / mono	-	-	mini	2.0	Y	-	-
5.		Nikon 1 J4	-	stereo / mono	-	-	mini	2.0	Y	-	-
6.		Nikon 1 V1	-	stereo / mono	-	-	mini	2.0	-	-	-
7.		Nikon 1 V3	-	stereo / mono	Y	-	mini	2.0	Y	-	-
8.		Olympus E-300	Y	- / -	-	-	-	2.0	-	-	-
9.		Olympus E-330	Y	- / -	-	-	-	2.0	-	-	-
10.		Olympus E-400	Y	- / -	-	-	-	2.0	-	-	-
11.		Olympus E-410	Y	- / -	-	-	-	2.0	-	-	-
12.		Olympus E-510	Y	- / -	-	-	-	2.0	-	-	-
13.		Panasonic GF5	-	stereo / mono	-	-	mini	2.0	-	-	-
14.		Panasonic GF6	-	stereo / mono	-	-	mini	2.0	Y	Y	-
15.		Panasonic GX1	Y	stereo / mono	-	-	mini	2.0	-	-	-
16.		Ricoh GR	Y	mono / mono	-	-	micro	2.0	-	-	-
17.		Sony RX100 II	Y	stereo / mono	-	-	micro	2.0	Y	Y	-

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 V2 does not feature such an accessory-socket.

Both the V2 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 V2 was followed by the Nikon 1 V3. Further information on the features and operation of the V2 and E-500 can be found, respectively, in the Nikon 1 V2 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 V2 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.

Advantages of the Nikon 1 V2:

• More detail: Offers more megapixels (14.2 vs 8MP) with a 36% higher linear resolution.
• Broader imaging potential: Can record not only still images but also 1080/60p movies.
• Better live-view autofocus: Features on-sensor phase-detection for more confident autofocus.
• 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 (15 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 (109x82mm vs 130x95mm) and thus needs less room in the bag.
• Less heavy: Is lighter (by 201g or 42 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 7 years of technical progress since the E-500 launch.

Arguments in favor of the Olympus Evolt E-500:

• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Longer lasting: Gets more shots (750 versus 310) out of a single battery charge.
• 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 relative strengths (bullet points above) is taken as a measure, the V2 is the clear winner of the match-up (13 : 6 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 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 Nikon 1 V2 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 incomplete and does no justice, for example, to the way the V2 or the E-500 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 why expert reviews are important. The adjacent summary-table relays the overall verdicts of several of the most popular 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.		Nikon 1 V2	3/5	..	..	..	4.5/5	4/5	Oct 2012	799	ebay.com
2.		Olympus E-500	..	76/100	..	+ +	..	..	Sep 2005	599	ebay.com
3.		Canon G1 X	5/5	+	..	76/100	4/5	4.5/5	Jan 2012	799	ebay.com
4.		Fujifilm X-M1	3/5	+	..	77/100	4.5/5	4.5/5	Jun 2013	699	ebay.com
5.		Nikon 1 J4	3/5	..	..	..	4.5/5	4/5	Apr 2014	549	ebay.com
6.		Nikon 1 V1	..	+	..	69/100	4.5/5	4/5	Sep 2011	799	ebay.com
7.		Nikon 1 V3	3/5	..	..	76/100	4.5/5	4/5	Mar 2014	799	ebay.com
8.		Olympus E-300	..	..	..	+	o	4.5/5	Sep 2004	799	ebay.com
9.		Olympus E-330	..	..	..	+	o	..	Jan 2006	999	ebay.com
10.		Olympus E-400	..	85/100	..	..	4/5	4/5	Sep 2006	699	ebay.com
11.		Olympus E-410	..	86/100	..	+ +	4/5	4.5/5	Mar 2007	699	ebay.com
12.		Olympus E-510	..	89/100	..	+ +	3.5/5	4.5/5	Mar 2007	799	ebay.com
13.		Panasonic GF5	3/5	..	..	..	4.5/5	4.5/5	Apr 2012	499	ebay.com
14.		Panasonic GF6	..	+ +	..	..	4.5/5	4.5/5	Apr 2013	499	ebay.com
15.		Panasonic GX1	3/5	+	..	77/100	4.5/5	4.5/5	Nov 2011	699	ebay.com
16.		Ricoh GR	5/5	..	..	79/100	4.5/5	4.5/5	Apr 2013	799	ebay.com
17.		Sony RX100 II	5/5	+ +	..	79/100	4.5/5	4.5/5	Jun 2013	749	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, 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, please note that some of the review sites have changed their methodology and reporting over time.

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Other camera comparisons

Did this review help to inform your camera decision process? If you would like to see a different side-by-side camera review, just make a corresponding selection in the search boxes below. 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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