Vue 3 sample takes more times to render 50k

Hi Team,

We have faced some performance issue in Vue 3 application. Vue 2 application takes 0.235 sec for 50000 li elements. But Vue 3 application takes 0.351 sec for 50000 li elements.
Vue 3: Vue (forked) - StackBlitz
Vue 2: serene-rain-gu0q2w - CodeSandbox
Please provide the solutions for this issue.

The only issue I see is you rendering 50000 elements. That it only takes 0.351 sec for Vue I find incredibly fast. Granted that 0.235 sec in Vue 2 is faster, but both are still fast enough IMO (one should never render 50000 elements).