The Olympus XZ-1 can most closely be compared to Panasonic's LX5. Not only are both cameras nearly identical in terms of size and weight, but both also feature a remarkably similar sensor and lens. The LX5’s sensor is 10.1MP while the XZ-1’s is 10MP. Likewise, the XZ-1 offers a 28-122mm 35mm equivalent zoom range with an f1/8 lens, while the LX5 offers a 24-90mm 35mm equivalent zoom range with an f/2 lens

The camera itself feels solid in hand and features a very nicely weighted body. Its outer material has a bit of a tooth to it, giving a ruggedized feel. However, there is no rubber grip on the front of the camera, making one-handed shots a bit clumsy.