Fujifilm XP120 has a
16.0MP (1/2. ) sized BSI-CMOS sensor . On the other hand, Canon SD4000 IS has a
10.0MP 1/2.3-inch (6.17 x 4.55 mm ) sized BSI-CMOS sensor and features Digic 4 processor.
Fujifilm XP120's sensor provides 6MP more than Canon SD4000 IS's sensor, which gives a significant advantage in real life. You can print your images larger or crop more freely.
On the other hand, please keep in mind that Max sensor resolution is not the only determinant of resolving power. Factors such as the optical elements, low pass filter, pixel size and sensor technology also affects the final resolution of the captured image.
Below you can see the XP120 and SD4000 IS sensor size comparison.
As seen above, Canon SD4000 IS has a infx Larger sensor area than Fujifilm XP120. Larger sensors give photographer more control on the depth of field and blurry background compared to smaller sensor when shot in same focal length and aperture.