I finally got to test my iMac transfer speeds via wifi. My iMac is a late 2012 model though, so it's quite ancient at this point.
Anyways, USB-A from iMac to USB-C for iPad Pro 11" 2021, averaged 43MB/s or 344Mb/s.
Via wifi, 5GHz band, it was painfully slow at 3MB/s or 24Mb/s. Very odd indeed.
This was just transferring downloaded movie files from TV+ on the iMac, sync over wifi to the iPad.
Internet speed test for that same iMac is 320Mb/s down and 50Mb/s up. My plan is 1Gb down and 50Gb up. iMac is 23 feet away from the Netgear Nighthawk RAX120 (AX12) router, two rooms.