Olympus E-M1 III vs Panasonic FZ2000

The Olympus OM-D E-M1 Mark III and the Panasonic Lumix DMC-FZ2000 (labelled Panasonic FZ2500 in some countries) are two digital cameras that were revealed to the public, respectively, in February 2020 and September 2016. The E-M1 III is a mirrorless interchangeable lens camera, while the FZ2000 is a fixed lens compact. The cameras are based on a Four Thirds (E-M1 III) and an one-inch (FZ2000) sensor. The Olympus has a resolution of 20.2 megapixels, whereas the Panasonic provides 20 MP.

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

Headline Specifications

Olympus E-M1 III		Panasonic FZ2000
Mirrorless system camera		Fixed lens compact camera
Micro Four Thirds lenses		24-480mm f/2.8-4.5
20.2 MP – Four Thirds sensor		20 MP – 1" sensor
4K/30p Video		4K/30p Video
ISO 200-25,600		ISO 125-12,800 (80 - 25,600)
Electronic viewfinder (2360k dots)		Electronic viewfinder (2360k dots)
3.0" LCD – 1037k dots		3.0" LCD – 1040k dots
Swivel touchscreen		Swivel touchscreen
18 shutter flaps per second		12 shutter flaps per second
In-body stabilization		Lens-based stabilization
Weathersealed body		not weather sealed
420 shots per battery charge		350 shots per battery charge
134 x 91 x 69 mm, 580 g		138 x 102 x 135 mm, 915 g

Check E-M1 III offers at
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Check FZ2000 price at
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Going beyond this snapshot of core features and characteristics, what are the differences between the Olympus OM-D E-M1 Mark III and the Panasonic Lumix DMC-FZ2000? 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-M1 III and the Panasonic FZ2000 are illustrated 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 FZ2000 is notably larger (15 percent) than the Olympus E-M1 III. It is worth mentioning in this context that the E-M1 III is splash and dust resistant, while the FZ2000 does not feature any corresponding weather-sealing.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ2000 has a lens built in, whereas the E-M1 III 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-M1 III and their specifications in the Micro Four Thirds Lens Catalog.

Concerning battery life, the E-M1 III gets 420 shots out of its Olympus BLH-1 battery, while the FZ2000 can take 350 images on a single charge of its Panasonic DMW-BLC12 power pack. The power pack in the E-M1 III can be charged via the USB port, so that it is not always necessary to take the battery charger along when travelling.

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.		Olympus E-M1 III	134 mm	91 mm	69 mm	580 g	420	Y	Feb 2020	1,799	ebay.com
2.		Panasonic FZ2000	138 mm	102 mm	135 mm	915 g	350	n	Sep 2016	1,199	amazon.com
3.		Fujifilm X100F	127 mm	75 mm	52 mm	469 g	390	n	Jan 2017	1,299	ebay.com
4.		Olympus E-M5 III	125 mm	85 mm	50 mm	414 g	310	Y	Oct 2019	1,199	ebay.com
5.		Olympus E-M1X	144 mm	147 mm	75 mm	997 g	870	Y	Jan 2019	2,999	ebay.com
6.		Olympus E-M1 II	134 mm	91 mm	67 mm	574 g	440	Y	Sep 2016	1,999	ebay.com
7.		Olympus E-M1	130 mm	94 mm	63 mm	497 g	350	Y	Sep 2013	1,399	ebay.com
8.		OM System OM-1	135 mm	92 mm	73 mm	599 g	520	Y	Feb 2022	2,199	ebay.com
9.		Panasonic GH5 II	139 mm	98 mm	87 mm	727 g	400	Y	May 2021	1,699	amazon.com
10.		Panasonic G95	130 mm	94 mm	77 mm	536 g	290	Y	Apr 2019	999	ebay.com
11.		Panasonic G9	137 mm	97 mm	92 mm	658 g	400	Y	Nov 2017	1,699	ebay.com
12.		Panasonic GH5	139 mm	98 mm	87 mm	725 g	410	Y	Jan 2017	1,999	ebay.com
13.		Panasonic GX8	133 mm	78 mm	63 mm	487 g	330	Y	Jul 2015	1,199	ebay.com
14.		Panasonic FZ1000	137 mm	99 mm	131 mm	831 g	360	n	Jun 2014	899	ebay.com
15.		Sony RX100 V	102 mm	58 mm	41 mm	299 g	220	n	Oct 2016	999	ebay.com
16.		Sony RX10 II	129 mm	88 mm	102 mm	813 g	400	Y	Jun 2015	1,299	ebay.com
17.		Sony RX100 IV	102 mm	58 mm	41 mm	298 g	280	n	Jun 2015	999	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 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 FZ2000 was launched at a lower price than the E-M1 III, 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.

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. Moreover, a large sensor camera will give the photographer more control over depth-of-field in the image and, thus, the ability to better 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 Olympus E-M1 III features a Four Thirds sensor and the Panasonic FZ2000 an one-inch sensor. The sensor area in the FZ2000 is 48 percent smaller. As a result of these sensor size differences, the cameras have a format factor of, respectively, 2.0 and 2.7. The sensor in the E-M1 III has a native 4:3 aspect ratio, while the one in the FZ2000 offers a 3:2 aspect.

With 20.2MP, the E-M1 III offers a slightly higher resolution than the FZ2000 (20MP), but the E-M1 III nevertheless has larger individual pixels (pixel pitch of 3.34μm versus 2.41μm for the FZ2000) due to its larger sensor. Moreover, the E-M1 III is a much more recent model (by 3 years and 4 months) than the FZ2000, and its sensor will have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixels. Coming back to sensor resolution, it should be mentioned that the E-M1 III has no anti-alias filter installed, so that it can capture all the detail its sensor resolves.

The E-M1 III has on-sensor phase detect pixels, which results in fast and reliable autofocus acquisition even during live view operation.

Unlike the FZ2000, the E-M1 III has the capacity to capture high quality composite images (80MP) by combining multiple shots after shifting its sensor by miniscule distances. This multi-shot, pixel-shift mode is most suitable for photography of stationary objects (landscapes, studio scenes).

The Olympus OM-D E-M1 Mark III has a native sensitivity range from ISO 200 to ISO 25600, which can be extended to ISO 64-25600. The corresponding ISO settings for the Panasonic Lumix DMC-FZ2000 are ISO 125 to ISO 12800, with the possibility to increase the ISO range to 80-25600.

In terms of underlying technology, the E-M1 III is build around a CMOS sensor, while the FZ2000 uses a BSI-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 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"). 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-M1 III	Four Thirds	20.2	5184	3888	4K/30p	23.3	13.1	1356	76
2.		Panasonic FZ2000	1-inch	20.0	5472	3648	4K/30p	23.0	12.6	538	70
3.		Fujifilm X100F	APS-C	24.0	6000	4000	1080/60p	23.9	13.2	1704	81
4.		Olympus E-M5 III	Four Thirds	20.2	5184	3888	4K/30p	23.3	13.1	1324	76
5.		Olympus E-M1X	Four Thirds	20.2	5184	3888	4K/30p	23.2	13.0	1254	75
6.		Olympus E-M1 II	Four Thirds	20.2	5184	3888	4K/30p	23.7	12.8	1312	80
7.		Olympus E-M1	Four Thirds	15.9	4608	3456	1080/30p	23.0	12.7	757	73
8.		OM System OM-1	Four Thirds	20.2	5184	3888	4K/60p	23.4	13.4	1553	77
9.		Panasonic GH5 II	Four Thirds	20.2	5184	3888	4K/60p	23.7	13.1	1136	79
10.		Panasonic G95	Four Thirds	20.2	5184	3888	4K/30p	23.2	13.0	1273	75
11.		Panasonic G9	Four Thirds	20.2	5184	3888	4K/60p	23.1	12.8	1138	74
12.		Panasonic GH5	Four Thirds	20.2	5184	3888	4K/60p	23.9	13.0	807	77
13.		Panasonic GX8	Four Thirds	20.2	5184	3888	4K/30p	23.5	12.6	806	75
14.		Panasonic FZ1000	1-inch	20.0	5472	3648	4K/30p	22.1	11.7	517	64
15.		Sony RX100 V	1-inch	20.0	5472	3648	4K/30p	22.8	12.4	586	70
16.		Sony RX10 II	1-inch	20.0	5472	3648	4K/30p	23.0	12.6	531	70
17.		Sony RX100 IV	1-inch	20.0	5472	3648	4K/30p	22.8	12.6	591	70
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 are equipped with sensors that have a sufficiently high read-out speed for moving images, and both provide the same movie specifications (4K/30p).

Feature comparison

Apart from body and sensor, cameras can and do differ across a variety of features. The E-M1 III and the FZ2000 are similar in the sense that both feature an electronic viewfinder, which is helpful when framing images in bright sunlight. Moreover, their viewfinders offer an identical resolution of 2360k dots. The following table reports on some other key feature differences and similarities of the Olympus E-M1 III, the Panasonic FZ2000, 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-M1 III	2360	n	3.0 / 1037	swivel	Y	1/8000s	18.0/s	n	Y
2.		Panasonic FZ2000	2360	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
3.		Fujifilm X100F	2360	n	3.0 / 1040	fixed	n	1/4000s	8.0/s	Y	n
4.		Olympus E-M5 III	2360	n	3.0 / 1040	swivel	Y	1/8000s	10.0/s	n	Y
5.		Olympus E-M1X	2360	n	3.0 / 1037	swivel	Y	1/8000s	18.0/s	n	Y
6.		Olympus E-M1 II	2360	n	3.0 / 1037	swivel	Y	1/8000s	18.0/s	n	Y
7.		Olympus E-M1	2360	n	3.0 / 1037	tilting	Y	1/8000s	10.0/s	n	Y
8.		OM System OM-1	5760	n	3.0 / 1640	swivel	Y	1/8000s	10.0/s	n	Y
9.		Panasonic GH5 II	3680	n	3.0 / 1840	swivel	Y	1/8000s	12.0/s	n	Y
10.		Panasonic G95	2360	n	3.0 / 1240	swivel	Y	1/4000s	9.0/s	Y	Y
11.		Panasonic G9	3680	Y	3.0 / 1040	swivel	Y	1/8000s	20.0/s	n	Y
12.		Panasonic GH5	3680	n	3.2 / 1620	swivel	Y	1/8000s	12.0/s	n	Y
13.		Panasonic GX8	2360	n	3.0 / 1040	swivel	Y	1/8000s	10.0/s	n	Y
14.		Panasonic FZ1000	2359	n	3.0 / 921	swivel	n	1/4000s	12.0/s	Y	Y
15.		Sony RX100 V	2359	n	3.0 / 1229	tilting	n	1/2000s	24.0/s	Y	Y
16.		Sony RX10 II	2359	Y	3.0 / 1229	tilting	n	1/3200s	14.0/s	Y	Y
17.		Sony RX100 IV	2359	n	3.0 / 1228	tilting	n	1/2000s	16.0/s	Y	Y
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 FZ2000 has one, while the E-M1 III does not. While the built-in flash of the FZ2000 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, both cameras under consideration feature an 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 Olympus E-M1 III and the Panasonic FZ2000 both have 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.

Concerning the storage of imaging data, both the E-M1 III and the FZ2000 write their files to SDXC cards. The E-M1 III features dual card slots, which can be very useful in case a memory card fails. In contrast, the FZ2000 only has one slot. The E-M1 III supports UHS-II cards (on its first slot), while the FZ2000 can use UHS-I cards.

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 OM-D E-M1 Mark III and Panasonic Lumix DMC-FZ2000 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-M1 III	Y	stereo / mono	Y	Y	micro	3.1	Y	-	Y
2.		Panasonic FZ2000	Y	stereo / mono	Y	Y	micro	2.0	Y	-	-
3.		Fujifilm X100F	Y	stereo / mono	Y	-	micro	2.0	Y	-	-
4.		Olympus E-M5 III	Y	stereo / mono	Y	-	micro	2.0	Y	-	Y
5.		Olympus E-M1X	Y	stereo / mono	Y	Y	micro	3.0	Y	-	Y
6.		Olympus E-M1 II	Y	stereo / mono	Y	Y	micro	3.0	Y	-	-
7.		Olympus E-M1	Y	stereo / mono	Y	-	micro	2.0	Y	-	-
8.		OM System OM-1	Y	stereo / mono	Y	Y	micro	3.0	Y	-	Y
9.		Panasonic GH5 II	Y	stereo / mono	Y	Y	full	3.2	Y	-	Y
10.		Panasonic G95	Y	stereo / mono	Y	Y	micro	2.0	Y	-	Y
11.		Panasonic G9	Y	stereo / mono	Y	Y	full	3.0	Y	-	Y
12.		Panasonic GH5	Y	stereo / mono	Y	Y	full	3.1	Y	-	Y
13.		Panasonic GX8	Y	stereo / mono	Y	-	micro	2.0	Y	Y	-
14.		Panasonic FZ1000	Y	stereo / mono	Y	-	micro	2.0	Y	Y	-
15.		Sony RX100 V	-	stereo / mono	-	-	micro	2.0	Y	Y	-
16.		Sony RX10 II	Y	stereo / mono	Y	Y	micro	2.0	Y	Y	-
17.		Sony RX100 IV	-	stereo / mono	-	-	micro	2.0	Y	Y	-

Studio photographers will appreciate that the Olympus E-M1 III (unlike the FZ2000) features a PC Sync socket, so that professional strobe lights can be controlled by the camera.

The FZ2000 is a recent model that features in the current product line-up of Panasonic. In contrast, the E-M1 III has been discontinued (but can be found pre-owned on ebay). As a replacement in the same line of cameras, the E-M1 III was succeeded by the OM System OM-1. Further information on the features and operation of the E-M1 III and FZ2000 can be found, respectively, in the Olympus E-M1 III Manual (free pdf) or the online Panasonic FZ2000 Manual.

Review summary

So what conclusions can be drawn? Which of the two cameras – the Olympus E-M1 III or the Panasonic FZ2000 – 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 Olympus OM-D E-M1 Mark III:

• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• High quality composites: Can combine several shots after pixel-shifting its sensor.
• Better image quality: Features a larger and more technologically advanced imaging sensor.
• Richer colors: The sensor size advantage translates into images with better, more accurate colors.
• More dynamic range: Larger sensor captures a wider spectrum of light and dark details.
• Better low-light sensitivity: Larger sensor produces good images even in poorly lit environments.
• Better live-view autofocus: Features on-sensor phase-detection for more confident autofocus.
• Faster shutter: Has higher mechanical shutter speed (1/8000s vs 1/4000s) to freeze action.
• Faster burst: Shoots at higher frequency (18 vs 12 flaps/sec) to capture the decisive moment.
• More flexible: Accepts interchangeable lenses, so that lens characteristics can be altered.
• More compact: Is smaller (134x91mm vs 138x102mm) and thus needs less room in the bag.
• Longer lasting: Can take more shots (420 versus 350) on a single battery charge.
• Easier travel charging: Can be conveniently charged via its USB port.
• Better sealing: Is weather sealed to enable shooting in dusty or wet environments.
• Faster data transfer: Supports a more advanced USB protocol (3.1 vs 2.0).
• Easier wireless transfer: Supports Bluetooth for image sharing without cables.
• 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.
• Faster buffer clearing: Supports a more advanced SD data transfer standard (UHS-II vs UHS-I).
• More modern: Reflects 3 years and 4 months of technical progress since the FZ2000 launch.

Reasons to prefer the Panasonic Lumix DMC-FZ2000:

• Better moiré control: Has an anti-alias filter to avoid artificial patterns to appear in images.
• Ready to shoot: Has an integrated lens, whereas the E-M1 III necessitates an extra lens.
• Easier fill-in: Has a small integrated flash to brighten shadows of backlit subjects.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More heavily discounted: Has been around for much longer (launched in September 2016).

If the count of relative strengths (bullet points above) is taken as a measure, the E-M1 III is the clear winner of the match-up (20 : 5 points). However, the relevance of individual strengths will vary across photographers, so that you might want to apply your own weighing scheme to the summary points when reflecting and deciding 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 Olympus E-M1 III and the Panasonic FZ2000 place the cameras among the top in their class? Find out in the latest Best Mirrorless Interchangeable Lens Camera and Best Superzoom 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 E-M1 III or the FZ2000 perform in practice. At times, user reviews, such as those published at amazon, address these issues in a useful manner, but such feedback is on many occasions incomplete, inconsistent, and unreliable.

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.		Olympus E-M1 III	5/5	..	5/5	83/100	4.5/5	4/5	Feb 2020	1,799	ebay.com
2.		Panasonic FZ2000	..	+	..	82/100	4.5/5	5/5	Sep 2016	1,199	amazon.com
3.		Fujifilm X100F	5/5	+	3.9/5	83/100	4.5/5	4.5/5	Jan 2017	1,299	ebay.com
4.		Olympus E-M5 III	5/5	+	5/5	82/100	4.5/5	4.5/5	Oct 2019	1,199	ebay.com
5.		Olympus E-M1X	4.5/5	o	5/5	85/100	4.5/5	..	Jan 2019	2,999	ebay.com
6.		Olympus E-M1 II	5/5	+ +	5/5	85/100	4.5/5	4.5/5	Sep 2016	1,999	ebay.com
7.		Olympus E-M1	5/5	+ +	..	84/100	4.5/5	4.5/5	Sep 2013	1,399	ebay.com
8.		OM System OM-1	5/5	..	..	87/100	5/5	4.5/5	Feb 2022	2,199	ebay.com
9.		Panasonic GH5 II	4.5/5	..	4.5/5	85/100	4.5/5	5/5	May 2021	1,699	amazon.com
10.		Panasonic G95	4.5/5	+	4.5/5	83/100	4.5/5	4.5/5	Apr 2019	999	ebay.com
11.		Panasonic G9	..	+ +	5/5	85/100	5/5	5/5	Nov 2017	1,699	ebay.com
12.		Panasonic GH5	4.5/5	+ +	..	85/100	4.5/5	5/5	Jan 2017	1,999	ebay.com
13.		Panasonic GX8	5/5	+	..	82/100	4.5/5	4.5/5	Jul 2015	1,199	ebay.com
14.		Panasonic FZ1000	4/5	+ +	..	82/100	4.5/5	4.5/5	Jun 2014	899	ebay.com
15.		Sony RX100 V	4.5/5	+ +	..	83/100	4/5	4.5/5	Oct 2016	999	ebay.com
16.		Sony RX10 II	5/5	+ +	..	82/100	4.5/5	4/5	Jun 2015	1,299	ebay.com
17.		Sony RX100 IV	4.5/5	+ +	..	85/100	4/5	4.5/5	Jun 2015	999	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated 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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