Wine qube vs. Win qube

I have a few Windows (7 or 10) apps that I need to run on an on-going basis. I have created a Wine qube and a Win (7 for now) qube for testing. The apps run without errors in both qubes, but seem to run quite a bit faster in the Wine qube than in the Win qube (although both are slower than Windows bare metal). My question is: Does this make sense? Is it expected that a Windows app will run faster under Wine than in a Windows VM? Thanks.