Is cloudflare argo tunnel slow then regular dns and CName setup

I don’t why the the argo tunnel is slower then the dns setup. I have setup a server in mumbai region with clean wordpress install on nginx and speed tested in London using GT Matrix.

This argo tunnel : Latest Performance Report for: https://argo.cloudcreatr.com/ | GTmetrix

Without argo tunnel :

You can even test yourself.

For argo tunnel

argo.cloudcreatr.com

For no argo tunnel
noargo.cloudcreatr.com

I expect the speed to be close to dns setup of argo tunnel.

Speed test close to mumbai

Argo tunnel : Latest Performance Report for: https://argo.cloudcreatr.com/ | GTmetrix

No Argo tunnel: