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Nikon NIKKOR Z 24- vs Panasonic LUMIX G VARIO 45-

Updated July 2026 — Nikon NIKKOR Z 24- wins on price and weight, Panasonic LUMIX G VARIO 45- wins on focal length and aperture.

The Nikon NIKKOR Z 24-120mm f/4 S offers superior optics and versatility, making it ideal for professionals, while the Panasonic LUMIX G VARIO 45-150mm is a budget-friendly option for casual photographers.

Why Nikon NIKKOR Z 24- is better

Optics

Superior S-Line optics for edge-to-edge sharpness

Aperture

Constant f/4 aperture for consistent exposure

Build

Robust weather sealing for outdoor use

Why Panasonic LUMIX G VARIO 45- is better

Price

Significantly lower price point

Weight

Lightweight and compact design

Stabilization

Optical image stabilization for handheld shooting

Overall score

Nikon NIKKOR Z 24-
90
Panasonic LUMIX G VARIO 45-
75

Specifications

SpecNikon NIKKOR Z 24-Panasonic LUMIX G VARIO 45-
AutofocusDual STM motorsNear-silent inner focus
Close Focus1.15 ft1.5 ft
Optical QualityPremium S-LineMulti-coated
CompatibilityNikon Z seriesMicro Four Thirds
Zoom Range24-120mm45-150mm

Dimension comparison

Nikon NIKKOR Z 24-Panasonic LUMIX G VARIO 45-

Overview of the Nikon NIKKOR Z 24-120mm f/4 S

The Nikon NIKKOR Z 24-120mm f/4 S is a premium all-in-one zoom lens designed for Nikon's Z series mirrorless cameras. Priced at $1,096.95, this lens offers a versatile zoom range that covers wide-angle to telephoto perspectives. Its constant f/4 aperture ensures consistent exposure across all focal lengths, making it suitable for various shooting conditions. The lens features premium S-Line optics, close focusing capabilities, and robust weather sealing, providing photographers with both quality and durability in a compact design.

Overview of the Panasonic LUMIX G VARIO 45-150mm F4.0-5.6 ASPH

The Panasonic LUMIX G VARIO 45-150mm F4.0-5.6 ASPH is a medium zoom lens priced at $299.99. This lens is designed for Micro Four Thirds cameras, offering a focal length equivalent to 90-300mm, making it ideal for capturing distant subjects. It incorporates optical image stabilization (O.I.S.), which helps in reducing blur during handheld shooting, particularly in low-light conditions. The multi-coated lens elements enhance optical performance by minimizing ghosting and flare, making it a strong contender for both video and photography.

Price Comparison

When it comes to price, the Nikon NIKKOR Z 24-120mm f/4 S is significantly more expensive at $1,096.95 compared to the Panasonic LUMIX G VARIO 45-150mm, which is priced at $299.99. This puts the NIKKOR lens at about 267% higher than the LUMIX lens. The price difference is substantial, reflecting the premium features and build quality of the Nikon lens, but for budget-conscious photographers, the Panasonic option is much more accessible.

Image Quality and Performance

In terms of image quality, the Nikon NIKKOR Z 24-120mm f/4 S boasts superior S-Line optics, offering edge-to-edge sharpness with minimal color bleeding or focus breathing. This lens is designed for close focusing, allowing users to get as close as 1.15 feet from their subject at any zoom position. On the other hand, the Panasonic LUMIX G VARIO 45-150mm features a multi-coated lens that helps reduce ghosting and flare. While it also delivers high optical performance, it may not match the overall image quality provided by the NIKKOR lens due to its variable aperture of f/4.0-5.6, which can limit performance in low light.

Autofocus Systems

The autofocus capabilities of the Nikon NIKKOR Z 24-120mm are powered by two high-speed, ultra-quiet STM stepping motors, ensuring quick and accurate focusing with minimal noise—ideal for both stills and video. The Panasonic LUMIX G VARIO also features a near-silent focusing system thanks to its inner focus mechanism and stepping motor. While both lenses offer effective autofocus, the NIKKOR’s dual motors provide an advantage in terms of speed and precision, particularly in challenging shooting conditions.

Build Quality and Design

In terms of build quality, the Nikon NIKKOR Z 24-120mm f/4 S is designed with robust weather sealing, making it suitable for outdoor photography in various conditions. Its compact and travel-friendly design further enhances its usability. Conversely, the Panasonic LUMIX G VARIO 45-150mm is lightweight and compact, making it easy to carry, but it does not boast the same level of weather resistance as the Nikon lens. This difference in build quality may influence a photographer's choice based on their shooting environment.

Versatility and Usage

The Nikon NIKKOR Z 24-120mm f/4 S is highly versatile, capable of handling a wide range of photography styles—from landscapes to portraits—due to its constant aperture and extensive focal range. The ability to maintain f/4 throughout the zoom range allows for consistent exposure and depth of field control. The Panasonic LUMIX G VARIO 45-150mm, with its 45-150mm focal length, is particularly well-suited for portrait and wildlife photography, offering a good range for everyday shooting scenarios. However, it lacks the same versatility as the NIKKOR, which can be a deciding factor for photographers looking for an all-in-one solution.

Which should you buy?

Choosing between the Nikon NIKKOR Z 24-120mm f/4 S and the Panasonic LUMIX G VARIO 45-150mm F4.0-5.6 ASPH largely depends on your specific needs and budget. If you are a professional or enthusiast looking for a premium lens with superior optics, build quality, and versatility, the NIKKOR is worth the investment despite its higher price point. However, if you're seeking a more budget-friendly option that still delivers excellent performance for everyday shooting, the Panasonic lens is a solid choice, especially given its significantly lower price of $299.99. Ultimately, your decision should align with your photography style and financial considerations.