Olympus E-5 vs Panasonic FZ330

The Olympus E-5 and the Panasonic Lumix DMC-FZ330 (labelled Panasonic FZ300 in some countries) are two digital cameras that were announced, respectively, in September 2010 and July 2015. The E-5 is a DSLR, while the FZ330 is a fixed lens compact. The cameras are based on a Four Thirds (E-5) and a 1/2.3-inch (FZ330) 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 FZ330
Digital single lens reflex		Fixed lens compact camera
Four Thirds lenses		25-600mm f/2.8
12.2 MP – Four Thirds sensor		12 MP – 1/2.3" sensor
720/30p Video		4K/30p Video
ISO 100-6,400		ISO 100-6,400
Optical viewfinder		Electronic viewfinder (1440k dots)
3.0" LCD – 920k dots		3.0" LCD – 1040k dots
Swivel screen (not touch-sensitive)		Swivel touchscreen
5 shutter flaps per second		12 shutter flaps per second
In-body stabilization		Lens-based stabilization
Weathersealed body		Weathersealed body
750 shots per battery charge		380 shots per battery charge
142 x 117 x 75 mm, 873 g		132 x 92 x 117 mm, 691 g

Check E-5 offers at
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Check FZ330 price at
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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-FZ330? 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 FZ330 is provided in the side-by-side display below. The two cameras are presented according to their relative size. Three successive views from the front, the top, and the rear are shown. All size 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 FZ330 is notably smaller (27 percent) than the Olympus E-5. In this context, it is worth noting that both cameras are splash and dust-proof and can, hence, be used in inclement weather conditions or harsh environments.

The above size and weight comparisons are to some extent incomplete and possibly misleading, as the FZ330 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 FZ330 can take 380 images on a single charge of its Panasonic DMW-BLC12 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	Street Price
1.		Olympus E-5	142 mm	117 mm	75 mm	873 g	750	Y	Sep 2010	US$ 1 699	ebay.com
2.		Panasonic FZ330	132 mm	92 mm	117 mm	691 g	380	Y	Jul 2015	US$ 599	amazon.com
3.		Canon 60D	145 mm	106 mm	79 mm	755 g	1100	Y	Aug 2010	US$ 1 399	ebay.com
4.		Canon G3 X	123 mm	77 mm	105 mm	733 g	300	Y	Jun 2015	US$ 999	ebay.com
5.		Canon SX60	128 mm	93 mm	114 mm	650 g	340	n	Sep 2014	US$ 549	ebay.com
6.		Olympus E-3	142 mm	116 mm	75 mm	876 g	750	Y	Oct 2007	US$ 1 699	ebay.com
7.		Olympus E-450	130 mm	91 mm	53 mm	440 g	500	n	Mar 2009	US$ 499	ebay.com
8.		Olympus E-600	130 mm	94 mm	60 mm	535 g	500	n	Aug 2009	US$ 449	ebay.com
9.		Olympus E-620	130 mm	94 mm	60 mm	521 g	500	n	Feb 2009	US$ 699	ebay.com
10.		Olympus E-P3	122 mm	69 mm	34 mm	369 g	330	n	Jun 2011	US$ 799	ebay.com
11.		Olympus E-PL2	114 mm	72 mm	42 mm	362 g	280	n	Jan 2011	US$ 599	ebay.com
12.		Olympus E-PL3	110 mm	64 mm	37 mm	313 g	300	n	Jun 2011	US$ 599	ebay.com
13.		Olympus E-PM1	110 mm	64 mm	34 mm	265 g	330	n	Jun 2011	US$ 499	ebay.com
14.		Panasonic FZ150	124 mm	82 mm	92 mm	528 g	410	n	Aug 2011	US$ 499	ebay.com
15.		Panasonic FZ200	125 mm	87 mm	110 mm	588 g	540	n	Jul 2012	US$ 599	ebay.com
16.		Panasonic LX5	110 mm	65 mm	43 mm	271 g	400	n	Jul 2010	US$ 499	ebay.com
17.		Sony A77	143 mm	104 mm	81 mm	732 g	470	Y	Aug 2011	US$ 1 399	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

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 FZ330 was launched at a lower price than the E-5, despite having a lens built in. 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.

Sensor comparison

The size of the imaging sensor is a crucial determinant 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 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 FZ330 a 1/2.3-inch sensor. The sensor area in the FZ330 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 FZ330 (12MP), but the E-5 nevertheless has larger individual pixels (pixel pitch of 4.29μm versus 1.53μm for the FZ330) due to its larger sensor. However, the FZ330 is a much more recent model (by 4 years and 10 months) than the E-5, 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 FZ330 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 Panasonic Lumix DMC-FZ330 offers exactly the same ISO settings.

In terms of underlying technology, the E-5 is build around a CMOS sensor, while the FZ330 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"). Of the two cameras under review, the E-5 provides substantially higher image quality than the FZ330, with an overall score that is 18 points higher. This advantage is based on 2.3 bits higher color depth, 0.5 EV of lower dynamic range, and 2.4 stops in additional low light sensitivity. The table below summarizes the physical sensor characteristics and sensor quality findings and compares them across a set of similar 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 FZ330	1/2.3	12.0	4000	3000	4K/30p	19.3	11.0	97	38
3.		Canon 60D	APS-C	17.9	5184	3456	1080/30p	22.2	11.5	813	66
4.		Canon G3 X	1-inch	20.0	5472	3648	1080/60p	21.4	12.3	521	63
5.		Canon SX60	1/2.3	14.2	4608	3072	1080/60p	19.2	10.8	127	39
6.		Olympus E-3	Four Thirds	10.0	3648	2736	none	21.6	10.5	571	56
7.		Olympus E-450	Four Thirds	10.0	3648	2736	none	21.5	10.5	512	56
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-P3	Four Thirds	12.2	4032	3024	1080/60i	20.8	10.1	536	51
11.		Olympus E-PL2	Four Thirds	12.2	4032	3024	720/30p	21.4	10.2	573	55
12.		Olympus E-PL3	Four Thirds	12.2	4032	3024	1080/60i	20.9	10.3	499	52
13.		Olympus E-PM1	Four Thirds	12.2	4032	3024	1080/60i	21.0	10.3	499	52
14.		Panasonic FZ150	1/2.3	12.0	4000	3000	1080/60p	19.4	10.9	132	40
15.		Panasonic FZ200	1/2.3	12.0	4000	3000	1080/60p	19.1	10.8	114	37
16.		Panasonic LX5	1/1.7	10.0	3648	2736	720/60p	19.6	10.8	132	41
17.		Sony A77	APS-C	24.0	6000	4000	1080/60p	24.0	13.2	801	78

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, but the FZ330 provides a better video resolution than the E-5. It can shoot movie footage at 4K/30p, while the Olympus is limited to 720/30p.

Feature comparison

Beyond body and sensor, cameras can and do differ across a range of features. For example, the FZ330 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 FZ330 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 adjacent table lists some of the other core features of the Olympus E-5 and Panasonic FZ330 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 FZ330	1440	n	3.0 / 1040	swivel	Y	1/4000s	12.0/s	Y	Y
3.		Canon 60D	optical	Y	3.0 / 1040	swivel	n	1/8000s	5.3/s	Y	n
4.		Canon G3 X	optional	n	3.2 / 1620	tilting	Y	1/2000s	5.9/s	Y	Y
5.		Canon SX60	922	n	3.0 / 922	swivel	n	1/2000s	6.4/s	Y	Y
6.		Olympus E-3	optical	Y	2.5 / 230	swivel	n	1/8000s	5.0/s	Y	Y
7.		Olympus E-450	optical	n	2.7 / 215	fixed	n	1/4000s	3.5/s	Y	n
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-P3	optional	n	3.0 / 614	fixed	Y	1/4000s	3.0/s	Y	Y
11.		Olympus E-PL2	optional	n	3.0 / 460	fixed	n	1/4000s	3.0/s	Y	Y
12.		Olympus E-PL3	optional	n	3.0 / 460	tilting	n	1/4000s	5.5/s	n	Y
13.		Olympus E-PM1	optional	n	3.0 / 460	fixed	n	1/4000s	5.5/s	n	Y
14.		Panasonic FZ150	202	n	3.0 / 460	swivel	n	1/2000s	12.0/s	Y	Y
15.		Panasonic FZ200	1312	n	3.0 / 460	swivel	n	1/4000s	12.0/s	Y	Y
16.		Panasonic LX5	optional	n	3.0 / 460	fixed	n	1/4000s	2.5/s	Y	Y
17.		Sony A77	2359	Y	3.0 / 921	full-flex	n	1/8000s	12.0/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 FZ330 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 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 FZ330 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 Panasonic FZ330 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 E-5 writes its imaging data to Compact Flash or xD Picture cards, while the FZ330 uses SDXC cards. The E-5 features dual card slots, which can be very useful in case a memory card fails. In contrast, the FZ330 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-FZ330 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 FZ330	Y	stereo / mono	Y	-	mini	2.0	Y	-	-
3.		Canon 60D	Y	mono / mono	Y	-	mini	2.0	-	-	-
4.		Canon G3 X	Y	stereo / mono	Y	Y	mini	2.0	Y	Y	-
5.		Canon SX60	Y	stereo / mono	Y	-	mini	2.0	Y	Y	-
6.		Olympus E-3	Y	- / -	-	-	-	2.0	-	-	-
7.		Olympus E-450	Y	- / -	-	-	-	2.0	-	-	-
8.		Olympus E-600	Y	- / -	-	-	-	2.0	-	-	-
9.		Olympus E-620	Y	- / -	-	-	-	2.0	-	-	-
10.		Olympus E-P3	Y	stereo / -	-	-	mini	2.0	-	-	-
11.		Olympus E-PL2	Y	stereo / -	-	-	mini	2.0	-	-	-
12.		Olympus E-PL3	Y	stereo / -	-	-	mini	2.0	-	-	-
13.		Olympus E-PM1	Y	stereo / mono	-	-	mini	2.0	-	-	-
14.		Panasonic FZ150	Y	stereo / -	-	-	mini	2.0	-	-	-
15.		Panasonic FZ200	Y	stereo / mono	Y	-	mini	2.0	-	-	-
16.		Panasonic LX5	Y	mono / mono	-	-	mini	2.0	-	-	-
17.		Sony A77	Y	stereo / mono	Y	-	mini	2.0	-	-	-

It is notable that the FZ330 offers wifi support, which can be a very convenient means to transfer image data to an off-camera location. In contrast, the E-5 does not provide wifi capability.

Studio photographers will appreciate that the Olympus E-5 (unlike the FZ330) features a PC Sync socket, so that professional strobe lights can be controlled by the camera.

The FZ330 is a recent model that features in the current product line-up of Panasonic. In contrast, the E-5 has been discontinued (but can be found pre-owned on ebay). There has not been a direct replacement model for the E-5 from Olympus. Further information on the features and operation of the E-5 and FZ330 can be found, respectively, in the Olympus E-5 Manual (free pdf) or the online Panasonic FZ330 Manual.

Review summary

So how do things add up? Is there a clear favorite between the Olympus E-5 and the Panasonic FZ330? Which camera is better? Below is a summary of the relative strengths of each of the two contestants.

Advantages 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 (18 points) in the DXO overall assessment.
• Richer colors: Generates images with noticeably better colors (2.3 bits more color depth).
• Better low-light sensitivity: Requires less light for good images (2.4 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.
• Faster shutter: Has higher mechanical shutter speed (1/8000s vs 1/4000s) to freeze action.
• More flexible: Can take a variety of interchangeable lenses, including specialty optics.
• Longer lasting: Can take more shots (750 versus 380) on a single battery charge.
• 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 available for much longer (launched in September 2010).

Arguments in favor of the Panasonic Lumix DMC-FZ330:

• Maximized detail: Lacks an anti-alias filter to exploit the sensor's full resolution potential.
• Better video: Provides higher definition movie capture (4K/30p vs 720/30p).
• Better sound: Can connect to an external microphone for higher quality sound recording.
• 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).
• More detailed LCD: Has a higher resolution rear screen (1040k vs 920k dots).
• Fewer buttons to press: Has a touchscreen to facilitate handling and shooting adjustments.
• Faster burst: Shoots at higher frequency (12 vs 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.
• Ready to shoot: Comes with an integrated lens, while the E-5 requires a separate lens.
• More compact: Is smaller (132x92mm 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).
• Easier file upload: Has wifi built in for automatic backup or image transfer to the web.
• More affordable: Was introduced at a lower price, despite coming with a built-in lens.
• More modern: Reflects 4 years and 10 months of technical progress since the E-5 launch.

If the number of relative strengths (bullet points above) is taken as a guide, the FZ330 is the clear winner of the contest (16 : 12 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 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 Olympus E-5 and the Panasonic FZ330 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 specs-based evaluation of cameras can be instructive in revealing their potential as photographic tools, it says little about, for example, the shooting experience and imaging performance of the E-5 and the FZ330 in practical situations. User reviews, such as those found at amazon, can sometimes inform about these issues, but such feedback is often incomplete, inconsistent, and biased.

Expert reviews

This is why hands-on reviews by experts are important. The following table reports the overall ratings of the cameras as published by some of the major 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	Street Price
1.		Olympus E-5	4/5	..	..	75/100	4/5	4.5/5	Sep 2010	US$ 1 699	ebay.com
2.		Panasonic FZ330	..	+ +	..	..	4.5/5	4.5/5	Jul 2015	US$ 599	amazon.com
3.		Canon 60D	5/5	+	..	79/100	4/5	4.5/5	Aug 2010	US$ 1 399	ebay.com
4.		Canon G3 X	3.5/5	+	..	..	4.5/5	4/5	Jun 2015	US$ 999	ebay.com
5.		Canon SX60	3/5	+ +	..	75/100	4/5	4.5/5	Sep 2014	US$ 549	ebay.com
6.		Olympus E-3	..	88/100	..	+ +	o	4/5	Oct 2007	US$ 1 699	ebay.com
7.		Olympus E-450	..	..	..	..	4/5	4/5	Mar 2009	US$ 499	ebay.com
8.		Olympus E-600	..	..	..	..	..	4.5/5	Aug 2009	US$ 449	ebay.com
9.		Olympus E-620	3/5	88/100	..	72/100	4.5/5	5/5	Feb 2009	US$ 699	ebay.com
10.		Olympus E-P3	..	83/100	..	74/100	4.5/5	4.5/5	Jun 2011	US$ 799	ebay.com
11.		Olympus E-PL2	3/5	83/100	..	71/100	4.5/5	4.5/5	Jan 2011	US$ 599	ebay.com
12.		Olympus E-PL3	3/5	+ +	..	72/100	4.5/5	4/5	Jun 2011	US$ 599	ebay.com
13.		Olympus E-PM1	..	86/100	..	71/100	4.5/5	4.5/5	Jun 2011	US$ 499	ebay.com
14.		Panasonic FZ150	3/5	+ +	..	76/100	4/5	4.5/5	Aug 2011	US$ 499	ebay.com
15.		Panasonic FZ200	3/5	+ +	..	80/100	4.5/5	4.5/5	Jul 2012	US$ 599	ebay.com
16.		Panasonic LX5	4/5	+	..	73/100	4.5/5	4.5/5	Jul 2010	US$ 499	ebay.com
17.		Sony A77	5/5	91/100	..	81/100	..	5/5	Aug 2011	US$ 1 399	ebay.com
Note: (+ +) highly recommended; (+) recommended; (o) reviewed; (..) not available.

The review scores listed above should be treated with care, though. The ratings are only valid when referring to cameras in the same category and of the same age. A score, therefore, has to be seen in close connection to the price and market introduction time of the camera, 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

Did this review help to inform your camera decision process? In case you are interested in seeing how other cameras pair up, 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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