Olympus E-5 vs Panasonic FZ150

The Olympus E-5 and the Panasonic Lumix DMC-FZ150 are two digital cameras that were officially introduced, respectively, in September 2010 and August 2011. The E-5 is a DSLR, while the FZ150 is a fixed lens compact. The cameras are based on a Four Thirds (E-5) and a 1/2.3-inch (FZ150) sensor. The Olympus has a resolution of 12.2 megapixels, whereas the Panasonic provides 12 MP.

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

Headline Specifications

Olympus E-5		Panasonic FZ150
Digital single lens reflex		Fixed lens compact camera
Four Thirds lenses		25-600mm f/2.8-5.2
12.2 MP – Four Thirds sensor		12 MP – 1/2.3" sensor
720/30p Video		1080/60p Video
ISO 100-6,400		ISO 100-3,200 (100 - 6,400)
Optical viewfinder		Electronic viewfinder (202k dots)
3.0" LCD – 920k dots		3.0" LCD – 460k dots
Swivel screen (not touch-sensitive)		Swivel screen (not touch-sensitive)
5 shutter flaps per second		12 shutter flaps per second
In-body stabilization		Lens-based stabilization
Weathersealed body		not weather sealed
750 shots per battery charge		410 shots per battery charge
142 x 117 x 75 mm, 873 g		124 x 82 x 92 mm, 528 g

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Going beyond this snapshot of core features and characteristics, what are the differences between the Olympus E-5 and the Panasonic Lumix DMC-FZ150? 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 Olympus E-5 and the Panasonic FZ150 is provided 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.

If the front view area (width x height) of the cameras is taken as an aggregate measure of their size, the Panasonic FZ150 is considerably smaller (39 percent) than the Olympus E-5. It is worth mentioning in this context that the E-5 is splash and dust resistant, while the FZ150 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ150 has a lens built in, whereas the E-5 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-5 and their specifications in the Four Thirds Lens Catalog.

Concerning battery life, the E-5 gets 750 shots out of its Olympus BLM-5 battery, while the FZ150 can take 410 images on a single charge of its Panasonic DMW-BMB9 power pack.

The adjacent table lists the principal physical characteristics of the two cameras alongside a wider set of alternatives. 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.		Olympus E-5	142 mm	117 mm	75 mm	873 g	750	Y	Sep 2010	1,699	ebay.com
2.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
3.		Canon SX40	123 mm	92 mm	108 mm	600 g	380	n	Sep 2011	429	ebay.com
4.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	429	ebay.com
5.		Olympus E-1	141 mm	104 mm	81 mm	738 g	750	Y	Jun 2003	1,699	ebay.com
6.		Olympus E-3	142 mm	116 mm	75 mm	876 g	750	Y	Oct 2007	1,699	ebay.com
7.		Olympus E-30	142 mm	108 mm	75 mm	701 g	750	n	Nov 2008	1,299	ebay.com
8.		Olympus E-510	136 mm	92 mm	68 mm	538 g	750	n	Mar 2007	799	ebay.com
9.		Olympus E-520	136 mm	92 mm	68 mm	535 g	750	n	May 2008	699	ebay.com
10.		Olympus E-600	130 mm	94 mm	60 mm	535 g	500	n	Aug 2009	449	ebay.com
11.		Olympus E-620	130 mm	94 mm	60 mm	521 g	500	n	Feb 2009	699	ebay.com
12.		Olympus E-P1	121 mm	70 mm	36 mm	355 g	300	n	Jun 2009	799	ebay.com
13.		Olympus E-P2	121 mm	70 mm	36 mm	355 g	300	n	Nov 2009	799	ebay.com
14.		Olympus E-PL1	115 mm	72 mm	42 mm	334 g	290	n	Feb 2010	599	ebay.com
15.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	ebay.com
16.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
17.		Panasonic LX5	110 mm	65 mm	43 mm	271 g	400	n	Jul 2010	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. The FZ150 was launched at a lower price than the E-5, despite having a lens built in. 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 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. 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 are more costly to manufacture and tend to lead to bigger and heavier cameras and lenses.

Of the two cameras under consideration, the Olympus E-5 features a Four Thirds sensor and the Panasonic FZ150 a 1/2.3-inch sensor. The sensor area in the FZ150 is 88 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 2.0 and 5.6. Both cameras feature a native aspect ratio (sensor width to sensor height) of 4:3.

With 12.2MP, the E-5 offers a slightly higher resolution than the FZ150 (12MP), but the E-5 nevertheless has larger individual pixels (pixel pitch of 4.29μm versus 1.53μm for the FZ150) due to its larger sensor. However, the FZ150 is a somewhat more recent model (by 11 months) than the E-5, and its sensor might have benefitted from technological advances during this time that enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that the FZ150 has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The Olympus E-5 has a native sensitivity range from ISO 100 to ISO 6400. The corresponding ISO settings for the Panasonic Lumix DMC-FZ150 are ISO 100 to ISO 3200, with the possibility to increase the ISO range to 100-6400.

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 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"). Of the two cameras under review, the E-5 provides substantially higher image quality than the FZ150, with an overall score that is 16 points higher. This advantage is based on 2.2 bits higher color depth, 0.4 EV of lower dynamic range, and 2 stops in additional low light sensitivity. 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.		Olympus E-5	Four Thirds	12.2	4032	3024	720/30p	21.6	10.5	519	56
2.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
3.		Canon SX40	1/2.3	12.0	4000	3000	1080/24p	19.6	10.9	409	41
4.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
5.		Olympus E-1	Four Thirds	4.9	2560	1920	none	20.0	9.7	-145	44
6.		Olympus E-3	Four Thirds	10.0	3648	2736	none	21.6	10.5	571	56
7.		Olympus E-30	Four Thirds	12.2	4032	3024	none	21.3	10.4	530	55
8.		Olympus E-510	Four Thirds	10.0	3648	2736	none	21.2	10.0	442	52
9.		Olympus E-520	Four Thirds	10.0	3648	2736	none	21.4	10.4	548	55
10.		Olympus E-600	Four Thirds	12.2	4032	3024	none	21.5	10.3	541	55
11.		Olympus E-620	Four Thirds	12.2	4032	3024	none	21.3	10.3	536	55
12.		Olympus E-P1	Four Thirds	12.2	4032	3024	720/30p	21.4	10.4	536	55
13.		Olympus E-P2	Four Thirds	12.2	4032	3024	720/30p	21.5	10.4	505	56
14.		Olympus E-PL1	Four Thirds	12.2	4032	3024	720/30p	21.5	10.1	487	54
15.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
16.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
17.		Panasonic LX5	1/1.7	10.0	3648	2736	720/60p	19.6	10.8	132	41
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. Both cameras under consideration are equipped with sensors that have a sufficiently high read-out speed for moving images, but the FZ150 provides a better video resolution than the E-5. It can shoot movie 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 range of features. For example, the FZ150 has an electronic viewfinder (202k dots), while the E-5 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 Olympus E-5 and Panasonic FZ150 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.		Olympus E-5	optical	Y	3.0 / 920	swivel	n	1/8000s	5.0/s	Y	Y
2.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
3.		Canon SX40	202	n	2.7 / 230	swivel	n	1/3200s	10.3/s	Y	Y
4.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
5.		Olympus E-1	optical	Y	1.8 / 134	fixed	n	1/4000s	3.0/s	n	n
6.		Olympus E-3	optical	Y	2.5 / 230	swivel	n	1/8000s	5.0/s	Y	Y
7.		Olympus E-30	optical	Y	2.7 / 230	swivel	n	1/8000s	5.0/s	Y	Y
8.		Olympus E-510	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	Y
9.		Olympus E-520	optical	n	2.7 / 215	fixed	n	1/4000s	3.5/s	Y	Y
10.		Olympus E-600	optical	n	2.7 / 230	swivel	n	1/4000s	4.0/s	Y	Y
11.		Olympus E-620	optical	n	2.7 / 230	swivel	n	1/4000s	4.0/s	Y	Y
12.		Olympus E-P1	none	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
13.		Olympus E-P2	optional	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
14.		Olympus E-PL1	optional	n	2.7 / 230	fixed	n	1/2000s	3.0/s	Y	Y
15.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/s	Y	Y
16.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
17.		Panasonic LX5	optional	n	3.0 / 460	fixed	n	1/4000s	2.5/s	Y	Y
Note: *) Information refers to the mechanical shutter, unless the camera only has an electronic one.

One feature that is present on the E-5, but is missing on the FZ150 is a top-level LCD. While being, of course, smaller than the rear screen, the control panel conveys some of the essential shooting information and can be convenient for quick and easy settings verification.

The E-5 writes its imaging data to Compact Flash or xD Picture cards, while the FZ150 uses SDXC cards. The E-5 features dual card slots, which can be very useful in case a memory card fails. In contrast, the FZ150 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 Olympus E-5 and Panasonic Lumix DMC-FZ150 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.		Olympus E-5	Y	stereo / -	-	-	mini	2.0	-	-	-
2.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
3.		Canon SX40	Y	stereo / mono	-	-	YES	2.0	-	-	-
4.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
5.		Olympus E-1	Y	- / -	-	-	-	2.0	-	-	-
6.		Olympus E-3	Y	- / -	-	-	-	2.0	-	-	-
7.		Olympus E-30	Y	- / -	-	-	-	2.0	-	-	-
8.		Olympus E-510	Y	- / -	-	-	-	2.0	-	-	-
9.		Olympus E-520	Y	- / -	-	-	-	2.0	-	-	-
10.		Olympus E-600	Y	- / -	-	-	-	2.0	-	-	-
11.		Olympus E-620	Y	- / -	-	-	-	2.0	-	-	-
12.		Olympus E-P1	Y	stereo / -	-	-	mini	2.0	-	-	-
13.		Olympus E-P2	Y	stereo / -	-	-	mini	2.0	-	-	-
14.		Olympus E-PL1	Y	stereo / -	-	-	mini	2.0	-	-	-
15.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
16.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
17.		Panasonic LX5	Y	mono / mono	-	-	mini	2.0	-	-	-

Studio photographers will appreciate that the Olympus E-5 (unlike the FZ150) features a PC Sync socket, so that professional strobe lights can be controlled by the camera.

Both the E-5 and the FZ150 have been discontinued, but can regularly be found used on ebay. The FZ150 was replaced by the Panasonic FZ200, while the E-5 does not have a direct successor. Further information on the features and operation of the E-5 and FZ150 can be found, respectively, in the Olympus E-5 Manual (free pdf) or the online Panasonic FZ150 Manual.

Review summary

So what conclusions can be drawn? Is the Olympus E-5 better than the Panasonic FZ150 or vice versa? Below is a summary of the relative strengths of each of the two contestants.

Arguments in favor of the Olympus E-5:

• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Better image quality: Scores substantially higher (16 points) in the DXO overall assessment.
• Richer colors: Generates images with noticeably better colors (2.2 bits more color depth).
• Better low-light sensitivity: Requires less light for good images (2 stops ISO advantage).
• Brighter framing: Features an optical viewfinder for clear, lag-free composition.
• Easier setting verification: Features an LCD display on top to control shooting parameters.
• More detailed LCD: Has a higher resolution rear screen (920k vs 460k dots).
• Faster shutter: Has higher mechanical shutter speed (1/8000s vs 1/2000s) to freeze action.
• More flexible: Can take a variety of interchangeable lenses, including specialty optics.
• Longer lasting: Can take more shots (750 versus 410) on a single battery charge.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• Better studio light control: Has a PC Sync socket to connect to professional strobe lights.
• Greater peace of mind: Features a second card slot as a backup in case of memory card failure.
• More heavily discounted: Has been on the market for longer (launched in September 2010).

Advantages of the Panasonic Lumix DMC-FZ150:

• 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).
• More framing info: Has an electronic viewfinder that displays shooting data.
• Faster burst: Shoots at higher frequency (12 vs 5 flaps/sec) to capture the decisive moment.
• Ready to shoot: Comes with an integrated lens, while the E-5 requires a separate lens.
• More compact: Is smaller (124x82mm vs 142x117mm) and will fit more readily into a bag.
• Less heavy: Has a lower weight even though it has a lens built in (unlike the E-5).
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More modern: Was introduced somewhat (11 months) more recently.

If the count of individual advantages (bullet points above) is taken as a guide, the E-5 is the clear winner of the match-up (14 : 9 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 sports photographer will view the differences between cameras in a way that diverges from the perspective of a street photog, and a person interested in family portraits has distinct needs from a landscape 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 Olympus E-5 and the Panasonic FZ150 place the cameras among the top in their class? Find out in the latest Best DSLR Camera and Best Superzoom 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 says little about, for example, the shooting experience and imaging performance of the E-5 and the FZ150 in practical situations. 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.		Olympus E-5	4/5	..	..	75/100	4/5	4.5/5	Sep 2010	1,699	ebay.com
2.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
3.		Canon SX40	..	+	..	..	4.5/5	4/5	Sep 2011	429	ebay.com
4.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	429	ebay.com
5.		Olympus E-1	..	..	..	+	o	..	Jun 2003	1,699	ebay.com
6.		Olympus E-3	..	88/100	..	+ +	o	4/5	Oct 2007	1,699	ebay.com
7.		Olympus E-30	..	..	..	71/100	4.5/5	4/5	Nov 2008	1,299	ebay.com
8.		Olympus E-510	..	89/100	..	+ +	3.5/5	4.5/5	Mar 2007	799	ebay.com
9.		Olympus E-520	..	87/100	..	+ +	4.5/5	4.5/5	May 2008	699	ebay.com
10.		Olympus E-600	..	..	..	..	..	4.5/5	Aug 2009	449	ebay.com
11.		Olympus E-620	3/5	88/100	..	72/100	4.5/5	5/5	Feb 2009	699	ebay.com
12.		Olympus E-P1	..	+	..	66/100	4/5	4.5/5	Jun 2009	799	ebay.com
13.		Olympus E-P2	3/5	+	..	69/100	4/5	4.5/5	Nov 2009	799	ebay.com
14.		Olympus E-PL1	..	86/100	..	69/100	4/5	4.5/5	Feb 2010	599	ebay.com
15.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	ebay.com
16.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
17.		Panasonic LX5	4/5	+	..	73/100	4.5/5	4.5/5	Jul 2010	499	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. 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. It should also be noted that some of the review sites have over time altered the way they render their verdicts.

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Other camera comparisons

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