Both Panasonic LX3 and Olympus XZ-1 have 1/1.63-inch sized 10.0 MP resolution sensors so sensor size and resolution is not a differentiator between these two cameras.
Below you can see the LX3 and XZ-1 sensor size comparison.
Sensor Size and Resolution Comparison image of Panasonic LX3 and Olympus XZ-1 Cameras
Panasonic LX3 and Olympus XZ-1 have the same sensor sizes so they will provide same level of control over the depth of field when used with same focal length and aperture.
DxOMark Sensor Scores
Both Panasonic LX3 and Olympus XZ-1 sensors have been tested by DxoMark. DxoMark scores camera sensors for color depth (DXO Portrait), dynamic range (DXO Landscape) and low-light sensitivity (DXO Sports), and also gives them an overall score. Of the two cameras that we are comparing, LX3 has scored 39, 5 points higher than XZ-1.
Model
Overall
Color Depth
Dynamic Range
Low-light ISO
Panasonic LX3
39
19.6 bits
10.8 Evs
94 ISO
Olympus XZ-1
34
18.8 bits
10.4 Evs
117 ISO
Sensor size sets the circle of confusion, so it drives how much depth of field each
of these bodies gives you at a given aperture. You can calculate it exactly for the
Panasonic LX3
or the
Olympus XZ-1 ,
including hyperfocal distance.