Panasonic GH5S vs Alexa Mini

This is a side by side comparison of the Panasonic GH5s and the Arri Alexa Mini using three tests: noise, codec, and banding.
The purpose of the test is to truly see how much of a difference there is of the GH5s and Alexa Mini when technically picked apart. You can also find the shorter 2 minute version of the video here for a quick review:
• Panasonic GH5S vs Alex...
SETTINGS:
GH5s: V-Log, UHD 4K, 10 Bit 422 All Intra, Varicam V-Log to 709 LUT applied in Premiere
Alexa Mini: Rec 709, UHD 4K, Pro Res 4444 (XQ), no LUT applied in Premiere
Alexa Mini: ARRIRAW, Open gate 3.4K, LogC2Rec709 LUT applied in Premiere
LENSES:
-Noise Test: Lumix 12-35 zoom on GH5s, Zeiss Super Speeds on Arri Alexa
-Codec and Banding, Zeiss Super Speeds on both GH5s and Arri Alexa