They do... because they are measured in a weird way.
If the usage is split 50/50 kernel/userspace. And the userspace changes slow the app down 10%. Then the user space changes slowed the userspace code down 20%. Likewise if the kernel changes slow the app down 10%, they slowed the kernel code down by 20%.
So the total impact of the changes is 20% in your example.
The high performance of the physical CPU was achieved through means that compromise security. The top of the speed range was bullshit, basically. Now that the top is being lopped off, you experience the true speed of that CPU while operating in a secure manner.