Olympus E-5 vs Panasonic G2

The Olympus E-5 and the Panasonic Lumix DMC-G2 are two digital cameras that were announced, respectively, in September 2010 and March 2010. The E-5 is a DSLR, while the G2 is a mirrorless interchangeable lens camera. Both cameras are equipped with a Four Thirds 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 G2
Digital single lens reflex		Mirrorless system camera
Four Thirds lenses		Micro Four Thirds lenses
12.2 MP – Four Thirds sensor		12 MP – Four Thirds sensor
720/30p Video		720/30p Video
ISO 100-6,400		ISO 100-6,400
Optical viewfinder		Electronic viewfinder (1440k dots)
3.0" LCD – 920k dots		3.0" LCD – 460k dots
Swivel screen (not touch-sensitive)		Swivel touchscreen
5 shutter flaps per second		2.6 shutter flaps per second
In-body stabilization		Lens stabilization only
Weathersealed body		not weather sealed
750 shots per battery charge		360 shots per battery charge
142 x 117 x 75 mm, 873 g		124 x 84 x 74 mm, 428 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-G2? 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 Olympus E-5 and the Panasonic G2 are illustrated 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 G2 can be obtained in three different colors (black, blue, red), while the E-5 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 Panasonic G2 is considerably smaller (37 percent) than the Olympus E-5. Moreover, the G2 is substantially lighter (51 percent) than the E-5. It is worth mentioning in this context that the E-5 is splash and dust resistant, while the G2 does not feature any corresponding weather-sealing.

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. Both cameras have similarly sized sensors, but DSLRs have a larger flange-to-focal plane distance than mirrorless cameras, which imposes contraints on the optical engineering process and generally leads to bigger and heavier lenses. You can compare the optics available for the two cameras in the Four Thirds Lens Catalog (E-5) and the Micro Four Thirds Lens Catalog (G2). Mirrorless cameras, such as the G2, have moreover the advantage that they can use many lenses from other systems via adapters, as they have a relatively short flange to focal plane distance.

Concerning battery life, the E-5 gets 750 shots out of its Olympus BLM-5 battery, while the G2 can take 360 images on a single charge of its Panasonic DMW-BLB13 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.		Olympus E-5	142 mm	117 mm	75 mm	873 g	750	Y	Sep 2010	1,699	ebay.com
2.		Panasonic G2	124 mm	84 mm	74 mm	428 g	360	n	Mar 2010	599	ebay.com
3.		Olympus E-1	141 mm	104 mm	81 mm	738 g	750	Y	Jun 2003	1,699	ebay.com
4.		Olympus E-3	142 mm	116 mm	75 mm	876 g	750	Y	Oct 2007	1,699	ebay.com
5.		Olympus E-30	142 mm	108 mm	75 mm	701 g	750	n	Nov 2008	1,299	ebay.com
6.		Olympus E-510	136 mm	92 mm	68 mm	538 g	750	n	Mar 2007	799	ebay.com
7.		Olympus E-520	136 mm	92 mm	68 mm	535 g	750	n	May 2008	699	ebay.com
8.		Olympus E-600	130 mm	94 mm	60 mm	535 g	500	n	Aug 2009	449	ebay.com
9.		Olympus E-620	130 mm	94 mm	60 mm	521 g	500	n	Feb 2009	699	ebay.com
10.		Olympus E-P1	121 mm	70 mm	36 mm	355 g	300	n	Jun 2009	799	ebay.com
11.		Olympus E-P2	121 mm	70 mm	36 mm	355 g	300	n	Nov 2009	799	ebay.com
12.		Olympus E-PL1	115 mm	72 mm	42 mm	334 g	290	n	Feb 2010	599	ebay.com
13.		Panasonic G1	124 mm	84 mm	45 mm	360 g	410	n	Sep 2008	599	ebay.com
14.		Panasonic G3	115 mm	84 mm	47 mm	336 g	270	n	May 2011	599	ebay.com
15.		Panasonic G10	124 mm	84 mm	74 mm	388 g	380	n	Mar 2010	499	ebay.com
16.		Panasonic GH1	124 mm	90 mm	45 mm	385 g	300	n	Mar 2009	899	ebay.com
17.		Panasonic GH2	124 mm	90 mm	76 mm	442 g	330	n	Sep 2010	899	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 listed launch prices provide an indication of the market segment that the manufacturer of the cameras have been targeting. The G2 was launched at a markedly lower price (by 65 percent) than the E-5, which puts it into a different market segment. Normally, street prices remain initially close to the MSRP, but after a couple of months, the first discounts appear. 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 associated with larger, more expensive camera bodies and lenses.

Both cameras under consideration feature a Four Thirds sensor and have a format factor (sometimes also referred to as "crop factor") of 2.0. Within the spectrum of camera sensors, this places the review cameras among the medium-sized sensor cameras that aim to strike a balance between image quality and portability. Both cameras feature a native aspect ratio (sensor width to sensor height) of 4:3.

While the two cameras under review share the same sensor size, the E-5 offers a slightly higher resolution of 12.2 megapixels, compared with 12 MP of the G2. This megapixels advantage translates into a 0.8 percent gain in linear resolution. On the other hand, these sensor specs imply that the E-5 has a higher pixel density and a smaller size of the individual pixel (with a pixel pitch of 4.29μm versus 4.33μm for the G2). In this context, it should be noted, however, that the E-5 is a somewhat more recent model (by 6 months) than the G2, and its sensor might have benefitted from technological advances during this time that at least partly compensate for the smaller pixel size.

The Olympus E-5 has a native sensitivity range from ISO 100 to ISO 6400. The Panasonic Lumix DMC-G2 offers exactly the same ISO settings.

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.

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 Overall DXO ratings for the two cameras under consideration are close, suggesting that they provide similar imaging performance. 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.		Olympus E-5	Four Thirds	12.2	4032	3024	720/30p	21.6	10.5	519	56
2.		Panasonic G2	Four Thirds	12.0	4000	3000	720/30p	21.2	10.3	493	53
3.		Olympus E-1	Four Thirds	4.9	2560	1920	none	20.0	9.7	-145	44
4.		Olympus E-3	Four Thirds	10.0	3648	2736	none	21.6	10.5	571	56
5.		Olympus E-30	Four Thirds	12.2	4032	3024	none	21.3	10.4	530	55
6.		Olympus E-510	Four Thirds	10.0	3648	2736	none	21.2	10.0	442	52
7.		Olympus E-520	Four Thirds	10.0	3648	2736	none	21.4	10.4	548	55
8.		Olympus E-600	Four Thirds	12.2	4032	3024	none	21.5	10.3	541	55
9.		Olympus E-620	Four Thirds	12.2	4032	3024	none	21.3	10.3	536	55
10.		Olympus E-P1	Four Thirds	12.2	4032	3024	720/30p	21.4	10.4	536	55
11.		Olympus E-P2	Four Thirds	12.2	4032	3024	720/30p	21.5	10.4	505	56
12.		Olympus E-PL1	Four Thirds	12.2	4032	3024	720/30p	21.5	10.1	487	54
13.		Panasonic G1	Four Thirds	12.0	4000	3000	none	21.1	10.3	463	53
14.		Panasonic G3	Four Thirds	15.8	4592	3448	1080/60i	21.0	10.6	667	56
15.		Panasonic G10	Four Thirds	12.0	4000	3000	720/30p	21.2	10.1	411	52
16.		Panasonic GH1	Four Thirds	12.0	4000	3000	1080/24p	21.6	11.6	772	64
17.		Panasonic GH2	Four Thirds	15.9	4608	3456	1080/60i	21.2	11.3	655	60
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 can also record movies. Both cameras under consideration have a sensor with sufficiently fast read-out times for moving pictures, and both provide the same movie specifications (720/30p).

Feature comparison

Beyond body and sensor, cameras can and do differ across a range of features. For example, the G2 has an electronic viewfinder (1440k 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 viewfinders of both cameras offer the same field of view (100%), but the viewfinder of the G2 has a higher magnification than the one of the E-5 (0.70x vs 0.58x), so that the size of the image transmitted appears closer to the size seen with the naked human eye. The following table reports on some other key feature differences and similarities of the Olympus E-5, the Panasonic G2, 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.		Olympus E-5	optical	Y	3.0 / 920	swivel	n	1/8000s	5.0/s	Y	Y
2.		Panasonic G2	1440	n	3.0 / 460	swivel	Y	1/4000s	2.6/s	Y	n
3.		Olympus E-1	optical	Y	1.8 / 134	fixed	n	1/4000s	3.0/s	n	n
4.		Olympus E-3	optical	Y	2.5 / 230	swivel	n	1/8000s	5.0/s	Y	Y
5.		Olympus E-30	optical	Y	2.7 / 230	swivel	n	1/8000s	5.0/s	Y	Y
6.		Olympus E-510	optical	n	2.5 / 215	fixed	n	1/4000s	3.0/s	Y	Y
7.		Olympus E-520	optical	n	2.7 / 215	fixed	n	1/4000s	3.5/s	Y	Y
8.		Olympus E-600	optical	n	2.7 / 230	swivel	n	1/4000s	4.0/s	Y	Y
9.		Olympus E-620	optical	n	2.7 / 230	swivel	n	1/4000s	4.0/s	Y	Y
10.		Olympus E-P1	none	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
11.		Olympus E-P2	optional	n	3.0 / 230	fixed	n	1/4000s	3.0/s	n	Y
12.		Olympus E-PL1	optional	n	2.7 / 230	fixed	n	1/2000s	3.0/s	Y	Y
13.		Panasonic G1	1440	n	3.0 / 460	swivel	n	1/4000s	3.0/s	Y	n
14.		Panasonic G3	1440	n	3.0 / 460	swivel	Y	1/4000s	4.0/s	Y	n
15.		Panasonic G10	202	n	3.0 / 460	fixed	n	1/4000s	2.6/s	Y	n
16.		Panasonic GH1	1440	n	3.0 / 460	swivel	n	1/4000s	3.0/s	Y	n
17.		Panasonic GH2	1534	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 feature that is present on the E-5, but is missing on the G2 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 G2 uses SDXC cards. The E-5 features dual card slots, which can be very useful in case a memory card fails. In contrast, the G2 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-G2 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 G2	Y	stereo / mono	-	-	mini	2.0	-	-	-
3.		Olympus E-1	Y	- / -	-	-	-	2.0	-	-	-
4.		Olympus E-3	Y	- / -	-	-	-	2.0	-	-	-
5.		Olympus E-30	Y	- / -	-	-	-	2.0	-	-	-
6.		Olympus E-510	Y	- / -	-	-	-	2.0	-	-	-
7.		Olympus E-520	Y	- / -	-	-	-	2.0	-	-	-
8.		Olympus E-600	Y	- / -	-	-	-	2.0	-	-	-
9.		Olympus E-620	Y	- / -	-	-	-	2.0	-	-	-
10.		Olympus E-P1	Y	stereo / -	-	-	mini	2.0	-	-	-
11.		Olympus E-P2	Y	stereo / -	-	-	mini	2.0	-	-	-
12.		Olympus E-PL1	Y	stereo / -	-	-	mini	2.0	-	-	-
13.		Panasonic G1	Y	- / -	-	-	mini	2.0	-	-	-
14.		Panasonic G3	Y	stereo / mono	-	-	mini	2.0	-	-	-
15.		Panasonic G10	Y	mono / -	-	-	mini	2.0	-	-	-
16.		Panasonic GH1	Y	stereo / -	Y	-	mini	2.0	-	-	-
17.		Panasonic GH2	Y	stereo / mono	Y	-	mini	2.0	-	-	-

Studio photographers will appreciate that the Olympus E-5 (unlike the G2) features a PC Sync socket, so that professional strobe lights can be controlled by the camera.

Both the E-5 and the G2 have been discontinued, but can regularly be found used on ebay. The G2 was replaced by the Panasonic G3, while the E-5 does not have a direct successor. Further information on the features and operation of the E-5 and G2 can be found, respectively, in the Olympus E-5 Manual (free pdf) or the online Panasonic G2 Manual.

Review summary

So what conclusions can be drawn? Which of the two cameras – the Olympus E-5 or the Panasonic G2 – 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 Olympus E-5:

• 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 1/4000s) to freeze action.
• Faster burst: Shoots at higher frequency (5 vs 2.6 flaps/sec) to capture the decisive moment.
• Longer lasting: Can take more shots (750 versus 360) on a single battery charge.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• Sharper images: Has hand-shake reducing image stabilization built-in.
• 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 modern: Is somewhat more recent (announced 6 months after the G2).

Reasons to prefer the Panasonic Lumix DMC-G2:

• More framing info: Has an electronic viewfinder that displays shooting data.
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.70x vs 0.58x).
• Fewer buttons to press: Has a touchscreen to facilitate handling and shooting adjustments.
• More compact: Is smaller (124x84mm vs 142x117mm) and will fit more readily into a bag.
• Less heavy: Has a lower weight (by 445g or 51 percent) and is thus easier to take along.
• More legacy lens friendly: Can use many non-native lenses via adapters.
• More affordable: Was introduced into a lower priced category (65 percent cheaper at launch).
• More heavily discounted: Has been on the market for longer (launched in March 2010).

If the number of relative strengths (bullet points above) is taken as a guide, the E-5 emerges as the winner of the contest (11 : 8 points). However, the pertinence of the various camera strengths will differ across photographers, so that you might want to weigh individual camera traits according to their importance for your own imaging needs before making a camera decision. 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 Olympus E-5 and the Panasonic G2 place the cameras among the top in their class? Find out in the latest Best DSLR 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 says little about, for example, the shooting experience and imaging performance of the E-5 and the G2 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 G2	..	..	..	72/100	4/5	4.5/5	Mar 2010	599	ebay.com
3.		Olympus E-1	..	..	..	+	o	..	Jun 2003	1,699	ebay.com
4.		Olympus E-3	..	88/100	..	+ +	o	4/5	Oct 2007	1,699	ebay.com
5.		Olympus E-30	..	..	..	71/100	4.5/5	4/5	Nov 2008	1,299	ebay.com
6.		Olympus E-510	..	89/100	..	+ +	3.5/5	4.5/5	Mar 2007	799	ebay.com
7.		Olympus E-520	..	87/100	..	+ +	4.5/5	4.5/5	May 2008	699	ebay.com
8.		Olympus E-600	..	..	..	..	..	4.5/5	Aug 2009	449	ebay.com
9.		Olympus E-620	3/5	88/100	..	72/100	4.5/5	5/5	Feb 2009	699	ebay.com
10.		Olympus E-P1	..	+	..	66/100	4/5	4.5/5	Jun 2009	799	ebay.com
11.		Olympus E-P2	3/5	+	..	69/100	4/5	4.5/5	Nov 2009	799	ebay.com
12.		Olympus E-PL1	..	86/100	..	69/100	4/5	4.5/5	Feb 2010	599	ebay.com
13.		Panasonic G1	..	+ +	..	70/100	4/5	4.5/5	Sep 2008	599	ebay.com
14.		Panasonic G3	3/5	+ +	..	75/100	4.5/5	5/5	May 2011	599	ebay.com
15.		Panasonic G10	3/5	..	..	70/100	4/5	4/5	Mar 2010	499	ebay.com
16.		Panasonic GH1	..	+ +	..	72/100	4.5/5	4.5/5	Mar 2009	899	ebay.com
17.		Panasonic GH2	5/5	+ +	..	79/100	4.5/5	5/5	Sep 2010	899	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

Care should be taken when interpreting the review scores above, though. The ratings were established in reference to similarly priced cameras that were available in the market at the time of the review. Thus, a score needs to be put into the context of the launch date and the launch price of the camera, and rating-comparisons among cameras that span long time periods or concern very differently equipped models make little sense. 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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