Cameraegg Compare logoCameraegg

Leica

Vario-Elmarit-SL 70-200mm f/2.8 ASPH.

Leica L Mount

1470g weather-sealed f/2.8 telephoto zoom with dual stepper AF and 0.25x close focus.

$4,195

Launch price

Released Nov 2022

vs

Panasonic

LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.

Leica L Mount

LUMIX S 70-300mm F4.5-5.6 Macro O.I.S. — 70–300mm f/4.5-5.6 for Leica L, a popular choice in the panasonic lineup.

$1,249

Launch price

Released Apr 2021

Vario-Elmarit-SL 70-200mm f/2.8 ASPH. is 1.6 years newer.

Affiliate disclosure: As an Amazon Associate, Cameraegg earns from qualifying purchases. Cameraegg may also earn commission from B&H links, at no extra cost to you.

Wins

2categories

Vario-Elmarit-SL 70-200mm f/2.8 ASPH.

Video & HybridPortrait

Wins

5categories

LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.

Macro & Close-upWildlife

1 categories tied

TL;DR — Key differences

Vario-Elmarit-SL 70-200mm f/2.8 ASPH. wins 2 categories·LUMIX S 70-300mm F4.5-5.6 Macro O.I.S. wins 3 categories
  • BLUMIX S 70-300mm F4.5-5.6 Macro O.I.S. has higher Max magnification (1 × vs 0.25 ×)
  • BLUMIX S 70-300mm F4.5-5.6 Macro O.I.S. has lower Min focus distance (28 cm vs 60 cm)
  • AVario-Elmarit-SL 70-200mm f/2.8 ASPH. has lower Max aperture (Tele) (f/2.8 vs f/5.6)
  • BLUMIX S 70-300mm F4.5-5.6 Macro O.I.S. has lower Weight (790 g vs 1470 g)
  • AVario-Elmarit-SL 70-200mm f/2.8 ASPH. has lower Max aperture (Wide) (f/2.8 vs f/4.5)

Key specs at a glance

Vario-Elmarit-SL 70-200mm f/2.8 ASPH.LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Focal Length70-200 mm70-300 mm
Max Aperturef/2.8f/4.5-5.6
MountLeica LLeica L
CoverageFull FrameFull Frame
Stabilization5 stops5 stops
Weight1470 g790 g
Min Focus60 cm28 cm
Filter Size82 mm77 mm

Size and weight, to scale

Vario-Elmarit-SL 70-200mm f/2.8 ASPH.

88 × 170 mm

1470 g (3.24 lb / 51.85 oz)

Credit card shown to scale as a size reference (ISO 7810, 85.6 × 54 mm)

Credit card

85.6 × 54 mm

for scale

LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.

81 × 161 mm

790 g (1.74 lb / 27.87 oz)

Vario-Elmarit-SL 70-200mm f/2.8 ASPH. is 9mm longer and 7mm wider than LUMIX S 70-300mm F4.5-5.6 Macro O.I.S..

Vario-Elmarit-SL 70-200mm f/2.8 ASPH. is 680 g heavier than LUMIX S 70-300mm F4.5-5.6 Macro O.I.S..

Diameter (⌀) is the maximum barrel width; length is measured from the mount to the front of the lens.

Use-case scoring

Which one for what?

Algorithmic scores from verified specs · 10 = best in class

Use caseVario-Elmarit-SL 70-200mm f/2.8 ASPH.LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Portrait
7.5Good
5.5Fair
Sports & Action
7.5Good
6.5Good
Video & Hybrid
9.0Excellent
7.0Good
Landscape
4.0Fair
3.0Limited
Travel
4.0Fair
5.0Fair
Wildlife
4.5Fair
8.5Excellent
Macro & Close-up
3.5Limited
9.0Excellent

Why pick one over the other

Reasons to choose the Vario-Elmarit-SL 70-200mm f/2.8 ASPH.

  • Special elements

    Adds 4 Aspherical, 2 ED

  • Max aperture (Tele)

    f/2.8 vs f/5.6 — lower is better

  • Max aperture (Wide)

    f/2.8 vs f/4.5 — lower is better

Reasons to choose the LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.

  • Special elements

    Adds Aspherical

  • Max magnification

    1 × vs 0.25 × — higher is better

  • Min focus distance

    28 cm vs 60 cm — lower is better

  • Weight

    790 g vs 1470 g — lower is better

  • Diameter

    81 mm vs 88 mm — lower is better

  • Length

    161 mm vs 170 mm — lower is better

Shared specifications

Internal focus

Both support internal focus

Optical stabilization

Both support optical stabilization

OIS effectiveness

Both 5 stops

Weather sealing

Both support weather sealing

Control ring

Both support control ring

Custom function button

Both support custom function button

Pros & cons at a glance

Editorially curated highlights and trade-offs.

Vario-Elmarit-SL 70-200mm f/2.8 ASPH.

Pros

  • Versatile zoom range covers multiple focal lengths in one lens
  • Built-in optical image stabilization
  • Weather-sealed construction for outdoor shooting

Cons

  • Premium price point
  • Relatively heavy for extended handheld use

LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.

Pros

  • Built-in optical image stabilization
  • Weather-sealed construction for outdoor shooting
  • Native Leica L mount compatibility

Cons

  • Slower maximum aperture limits low-light performance
  • Third-party or older alternatives may offer better value

Decided which one is right for you?

Compare live prices for the Vario-Elmarit-SL 70-200mm f/2.8 ASPH. and LUMIX S 70-300mm F4.5-5.6 Macro O.I.S. at major authorized retailers.

Leica Vario-Elmarit-SL 70-200mm f/2.8 ASPH.

Panasonic LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.

Affiliate disclosure: As an Amazon Associate, Cameraegg earns from qualifying purchases. Cameraegg may also earn commission from B&H links, at no extra cost to you.

Full specifications

= category winner

Vario-Elmarit-SL 70-200mm f/2.8 ASPH.
LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Focal length (Min)
70 mm
70 mm
Focal length (Max)
200 mm
300 mm
Max aperture (Wide)
f/2.8+1.4 stops wider
f/4.5
Max aperture (Tele)
f/2.8+2 stops wider
f/5.6
Elements
19
23
Groups
15
17
Special elements
4 Aspherical, 2 ED
Aspherical
Vario-Elmarit-SL 70-200mm f/2.8 ASPH.
LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Min focus distance
60 cm
28 cm−32 cm less
Max magnification
0.25 ×
1 ×4× more
Autofocus motor
Dual stepper motors
Linear / Stepping Motor
Internal focus
Yes
Yes
Vario-Elmarit-SL 70-200mm f/2.8 ASPH.
LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Optical stabilization
Yes
Yes
OIS effectiveness
5 stops
5 stops
Vario-Elmarit-SL 70-200mm f/2.8 ASPH.
LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Weight
1470 g
790 g−680 g less
Length
170 mm
161 mm−9 mm less
Diameter
88 mm
81 mm−7 mm less
Filter thread size
82 mm
77 mm
Weather sealing
Yes
Yes
Diaphragm blades
11
9
Vario-Elmarit-SL 70-200mm f/2.8 ASPH.
LUMIX S 70-300mm F4.5-5.6 Macro O.I.S.
Lens mount
Leica L
Leica L
Format coverage
Full Frame
Full Frame

Specs sourced from manufacturer data. Use-case scores algorithmically derived. Last reviewed June 2026.