The dynamic array spends most of its time copying old elements as it grows exponentially. If you pre-size it to the right size, you eliminate this copying, and the difference becomes 5x. In practice you often have an idea of the size, at least as a rough estimation, so you would win by a larger margin. But that was not part of the spec.
Also, other ways of organizing dynamic not-quite-an-array-but-not-quite-a-linked-list data structures exist. It could be a dynamic array (or linked list) of dynamic arrays to eliminate repeated copying of the oldest elements.