Panasonic FZ200 vs Olympus E-M10 III

The Panasonic Lumix DMC-FZ200 and the Olympus OM-D E-M10 Mark III are two digital cameras that were announced, respectively, in July 2012 and August 2017. The FZ200 is a fixed lens compact, while the E-M10 III is a mirrorless interchangeable lens camera. The cameras are based on a 1/2.3-inch (FZ200) and a Four Thirds (E-M10 III) sensor. The Panasonic has a resolution of 12 megapixels, whereas the Olympus provides 15.9 MP.

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

Headline Specifications

Panasonic FZ200		Olympus E-M10 III
Fixed lens compact camera		Mirrorless system camera
25-600mm f/2.8		Micro Four Thirds lenses
12 MP – 1/2.3" sensor		15.9 MP – Four Thirds sensor
1080/60p Video		4K/30p Video
ISO 100-3,200 (100 - 6,400)		ISO 200-25,600
Electronic viewfinder (1312k dots)		Electronic viewfinder (2360k dots)
3.0" LCD – 460k dots		3.0" LCD – 1040k dots
Swivel screen (not touch-sensitive)		Tilting touchscreen
12 shutter flaps per second		8.6 shutter flaps per second
Lens-based stabilization		In-body stabilization
540 shots per battery charge		330 shots per battery charge
125 x 87 x 110 mm, 588 g		122 x 84 x 50 mm, 410 g

Check FZ200 offers at
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Check E-M10 III offers at
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Going beyond this snapshot of core features and characteristics, what are the differences between the Panasonic Lumix DMC-FZ200 and the Olympus OM-D E-M10 Mark III? 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 Panasonic FZ200 and the Olympus E-M10 III 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.

The E-M10 III can be obtained in two different colors (black, silver), while the FZ200 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-M10 III is notably smaller (6 percent) than the Panasonic FZ200. In this context, it is worth noting that neither the FZ200 nor the E-M10 III are weather-sealed.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ200 has a lens built in, whereas the E-M10 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-M10 III and their specifications in the Micro Four Thirds Lens Catalog.

Concerning battery life, the FZ200 gets 540 shots out of its Panasonic DMW-BLC12 battery, while the E-M10 III can take 330 images on a single charge of its Olympus BLS-50 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.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	599	ebay.com
2.		Olympus E-M10 III	122 mm	84 mm	50 mm	410 g	330	n	Aug 2017	649	ebay.com
3.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	549	ebay.com
4.		Canon SX50	123 mm	87 mm	106 mm	595 g	315	n	Sep 2012	429	ebay.com
5.		Leica V-LUX 4	125 mm	87 mm	110 mm	588 g	540	n	Sep 2012	949	ebay.com
6.		Leica V-LUX 3	124 mm	81 mm	95 mm	540 g	410	n	Dec 2011	949	ebay.com
7.		Olympus E-M10 IV	122 mm	84 mm	49 mm	383 g	360	n	Aug 2020	699	amazon.com
8.		Olympus E-PL10	117 mm	68 mm	39 mm	380 g	350	n	Oct 2019	599	ebay.com
9.		Olympus E-PL9	117 mm	68 mm	39 mm	380 g	350	n	Feb 2018	599	ebay.com
10.		Olympus E-PL8	115 mm	67 mm	38 mm	357 g	350	n	Sep 2016	549	ebay.com
11.		Olympus E-M10 II	120 mm	83 mm	47 mm	390 g	320	n	Aug 2015	649	ebay.com
12.		Panasonic FZ300	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	599	amazon.com
13.		Panasonic LF1	103 mm	62 mm	28 mm	192 g	250	n	Apr 2013	499	ebay.com
14.		Panasonic LX7	111 mm	68 mm	46 mm	298 g	330	n	Jul 2012	499	ebay.com
15.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	499	ebay.com
16.		Panasonic FZ100	124 mm	82 mm	92 mm	540 g	410	n	Jul 2010	499	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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The price is, of course, an important factor in any camera decision. 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 FZ200 was launched at a lower price than the E-M10 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. 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 Panasonic FZ200 features a 1/2.3-inch sensor and the Olympus E-M10 III a Four Thirds sensor. The sensor area in the E-M10 III is 704 percent bigger. As a result of these sensor size differences, the cameras have a format factor of, respectively, 5.6 and 2.0. Both cameras feature a native aspect ratio (sensor width to sensor height) of 4:3.

With 15.9MP, the E-M10 III offers a higher resolution than the FZ200 (12MP), but the E-M10 III nevertheless has larger individual pixels (pixel pitch of 3.76μm versus 1.53μm for the FZ200) due to its larger sensor. Moreover, the E-M10 III is a much more recent model (by 5 years and 1 month) than the FZ200, and its sensor will have benefitted from technological advances during this time that further enhance the light gathering capacity of its pixel-units. Coming back to sensor resolution, it should be mentioned that neither of the two cameras has an anti-alias filter installed, so they are able to capture all the detail the sensor resolves.

The resolution advantage of the Olympus E-M10 III implies greater flexibility for cropping images or the possibility to print larger pictures. The maximum print size of the E-M10 III for good quality output (200 dots per inch) amounts to 23 x 17.3 inches or 58.5 x 43.9 cm, for very good quality (250 dpi) 18.4 x 13.8 inches or 46.8 x 35.1 cm, and for excellent quality (300 dpi) 15.4 x 11.5 inches or 39 x 29.3 cm. The corresponding values for the Panasonic FZ200 are 20 x 15 inches or 50.8 x 38.1 cm for good quality, 16 x 12 inches or 40.6 x 30.5 cm for very good quality, and 13.3 x 10 inches or 33.9 x 25.4 cm for excellent quality prints.

The Panasonic Lumix DMC-FZ200 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 OM-D E-M10 Mark III are ISO 200 to ISO 25600, with the possibility to increase the ISO range to 100-25600.

In terms of underlying technology, the FZ200 is build around a BSI-CMOS sensor, while the E-M10 III uses a 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.

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"). 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.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
2.		Olympus E-M10 III	Four Thirds	15.9	4608	3456	4K/30p	23.1	12.8	1120	74
3.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
4.		Canon SX50	1/2.3	12.0	4000	3000	1080/24p	20.3	11.2	179	47
5.		Leica V-LUX 4	1/2.3	12.0	4000	3000	1080/60p	19.8	11.1	501	43
6.		Leica V-LUX 3	1/2.3	12.0	4000	3000	1080/60p	19.7	11.0	430	42
7.		Olympus E-M10 IV	Four Thirds	20.2	5184	3888	4K/30p	23.3	13.2	1402	76
8.		Olympus E-PL10	Four Thirds	15.9	4608	3456	4K/30p	23.3	13.1	1324	76
9.		Olympus E-PL9	Four Thirds	15.9	4608	3456	4K/30p	23.1	12.8	1162	74
10.		Olympus E-PL8	Four Thirds	15.9	4608	3456	1080/30p	23.0	12.6	1030	73
11.		Olympus E-M10 II	Four Thirds	15.9	4608	3456	1080/60p	23.1	12.5	842	73
12.		Panasonic FZ300	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
13.		Panasonic LF1	1/1.7	12.0	4000	3000	1080/60i	20.8	11.6	211	52
14.		Panasonic LX7	1/1.7	10.0	3648	2736	1080/60p	20.7	11.7	147	50
15.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
16.		Panasonic FZ100	1/2.3	14.0	4320	3240	1080/60i	19.4	10.7	306	39
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. The two cameras under consideration both have sensors whose read-out speed is fast enough to capture moving pictures, but the E-M10 III provides a better video resolution than the FZ200. It can shoot movie footage at 4K/30p, while the Panasonic is limited to 1080/60p.

Feature comparison

Apart from body and sensor, cameras can and do differ across a range of features. The two cameras under review are similar with respect to both having an electronic viewfinder. However, the one in the E-M10 III offers a substantially higher resolution than the one in the FZ200 (2360k vs 1312k dots). The adjacent table lists some of the other core features of the Panasonic FZ200 and Olympus E-M10 III 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.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
2.		Olympus E-M10 III	2360	n	3.0 / 1040	tilting	Y	1/4000s	8.6/s	Y	Y
3.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
4.		Canon SX50	202	n	3.0 / 461	swivel	n	1/2000s	2.2/s	Y	Y
5.		Leica V-LUX 4	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
6.		Leica V-LUX 3	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
7.		Olympus E-M10 IV	2360	n	3.0 / 1040	tilting	Y	1/4000s	15.0/s	Y	Y
8.		Olympus E-PL10	none	n	3.0 / 1040	tilting	Y	1/4000s	8.6/s	Y	Y
9.		Olympus E-PL9	none	n	3.0 / 1040	tilting	Y	1/4000s	8.6/s	Y	Y
10.		Olympus E-PL8	optional	n	3.0 / 1037	tilting	Y	1/4000s	8.0/s	n	Y
11.		Olympus E-M10 II	2360	n	3.0 / 1040	tilting	Y	1/4000s	8.0/s	Y	Y
12.		Panasonic FZ300	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
13.		Panasonic LF1	200	n	3.0 / 920	fixed	n	1/4000s	10.0/s	Y	Y
14.		Panasonic LX7	optional	n	3.0 / 920	fixed	n	1/4000s	11.0/s	Y	Y
15.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
16.		Panasonic FZ100	202	n	3.0 / 460	swivel	n	1/2000s	11.0/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 differentiating feature between the two cameras concerns the touch sensitivity of the rear screen. The E-M10 III has a touchscreen, while the FZ200 has a conventional panel. Touch control can be particularly helpful, for example, for setting the focus point.

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 E-M10 III 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 Olympus E-M10 III 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.

Concerning the storage of imaging data, both the FZ200 and the E-M10 III write their files to SDXC cards. The E-M10 III supports UHS-II cards (Ultra High Speed data transfer of up to 312 MB/s), while the FZ200 can use UHS-I cards (up to 104 MB/s).

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 Panasonic Lumix DMC-FZ200 and Olympus OM-D E-M10 Mark III 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.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
2.		Olympus E-M10 III	Y	stereo / mono	-	-	micro	2.0	Y	-	-
3.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
4.		Canon SX50	Y	stereo / mono	-	-	mini	2.0	-	-	-
5.		Leica V-LUX 4	Y	stereo / mono	Y	-	mini	2.0	-	-	-
6.		Leica V-LUX 3	Y	stereo / -	-	-	mini	2.0	-	-	-
7.		Olympus E-M10 IV	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
8.		Olympus E-PL10	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
9.		Olympus E-PL9	Y	stereo / mono	-	-	micro	2.0	Y	-	Y
10.		Olympus E-PL8	Y	stereo / mono	-	-	micro	2.0	Y	-	-
11.		Olympus E-M10 II	Y	stereo / mono	-	-	micro	2.0	Y	-	-
12.		Panasonic FZ300	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
13.		Panasonic LF1	-	stereo / mono	-	-	mini	2.0	Y	Y	-
14.		Panasonic LX7	Y	stereo / mono	-	-	mini	2.0	-	-	-
15.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
16.		Panasonic FZ100	Y	stereo / mono	-	-	mini	2.0	-	-	-
17.		Panasonic LX5	Y	mono / mono	-	-	mini	2.0	-	-	-

It is notable that the FZ200 has a microphone port, which is missing on the E-M10 III. Such an external microphone input can help to substantially improve the quality of audio recordings when a good external microphone is used.

Both the FZ200 and the E-M10 III have been discontinued, but can regularly be found used on ebay. The FZ200 was replaced by the Panasonic FZ300, while the E-M10 III was followed by the Olympus E-M10 IV. Further information on the features and operation of the FZ200 and E-M10 III can be found, respectively, in the Panasonic FZ200 Manual (free pdf) or the online Olympus E-M10 III Manual.

Review summary

So what conclusions can be drawn? Is the Panasonic FZ200 better than the Olympus E-M10 III or vice versa? Below is a summary of the relative strengths of each of the two contestants.

Arguments in favor of the Panasonic Lumix DMC-FZ200:

• Better sound: Can connect to an external microphone for higher quality sound recording.
• More flexible LCD: Has a swivel screen for odd-angle shots in portrait or landscape orientation.
• More selfie-friendly: Has an articulated screen that can be turned to be front-facing.
• Faster burst: Shoots at higher frequency (12 vs 8.6 flaps/sec) to capture the decisive moment.
• Ready to shoot: Has a lens built-in, whereas the E-M10 III requires a separate lens.
• Longer lasting: Can take more shots (540 versus 330) on a single battery charge.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More heavily discounted: Has been available for much longer (launched in July 2012).

Advantages of the Olympus OM-D E-M10 Mark III:

• More detail: Has more megapixels (15.9 vs 12MP), which boosts linear resolution by 15%.
• Better image quality: Is equipped with a larger and more technologically advanced 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 video: Provides higher definition movie capture (4K/30p vs 1080/60p).
• More detailed viewfinder: Has higher resolution electronic viewfinder (2360k vs 1312k dots).
• Larger viewfinder image: Features a viewfinder with a higher magnification (0.62x vs 0.46x).
• More detailed LCD: Has a higher resolution rear screen (1040k vs 460k dots).
• Fewer buttons to press: Has a touchscreen to facilitate handling and shooting adjustments.
• 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 flexible: Takes interchangeable lenses and can thus be used with specialty optics.
• Easier file upload: Has wifi built in for automatic backup or image transfer to the web.
• Faster buffer clearing: Supports a more advanced SD data transfer standard (UHS-II vs UHS-I).
• More modern: Reflects 5 years and 1 month of technical progress since the FZ200 launch.

If the count of individual advantages (bullet points above) is taken as a guide, the E-M10 III is the clear winner of the contest (16 : 8 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 Panasonic FZ200 and the Olympus E-M10 III place the cameras among the top in their class? Find out in the latest Best Superzoom 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 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 FZ200 and the E-M10 III 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.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	599	ebay.com
2.		Olympus E-M10 III	..	+	5/5	80/100	4.5/5	4.5/5	Aug 2017	649	ebay.com
3.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	549	ebay.com
4.		Canon SX50	3/5	+ +	..	72/100	4.5/5	4.5/5	Sep 2012	429	ebay.com
5.		Leica V-LUX 4	..	..	..	..	..	..	Sep 2012	949	ebay.com
6.		Leica V-LUX 3	..	..	..	..	..	..	Dec 2011	949	ebay.com
7.		Olympus E-M10 IV	4.5/5	..	5/5	81/100	4.5/5	4.5/5	Aug 2020	699	amazon.com
8.		Olympus E-PL10	..	..	4/5	77/100	..	4/5	Oct 2019	599	ebay.com
9.		Olympus E-PL9	..	+	..	..	4.5/5	4/5	Feb 2018	599	ebay.com
10.		Olympus E-PL8	..	..	..	..	4.5/5	4/5	Sep 2016	549	ebay.com
11.		Olympus E-M10 II	4.5/5	+ +	..	80/100	5/5	5/5	Aug 2015	649	ebay.com
12.		Panasonic FZ300	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	599	amazon.com
13.		Panasonic LF1	3/5	+	..	..	4/5	4.5/5	Apr 2013	499	ebay.com
14.		Panasonic LX7	3/5	+ +	..	75/100	4/5	4.5/5	Jul 2012	499	ebay.com
15.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	499	ebay.com
16.		Panasonic FZ100	..	+	..	..	4.5/5	4.5/5	Jul 2010	499	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 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 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

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. Alternatively, you can follow any of the listed hyperlinks for comparisons that others found interesting.

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