NTFS and ReFS are high performance file systems. But yes, it is due to file system filters, which OOTB means Windows Defender, though that can be extended by 3rd parties, including Sysinternals utils such as procmon.
Microsoft built a very extensible I/O stack and prior to Defender/prior to SSDs it really wasn't very noticable... back when it was originally designed well through the 90s and early 00s.
Unfortunately it is now noticable despite being an otherwise smart design. Which means Windows and/or NTFS are blamed as being slow, neither of which has any basis in fact when we look at the overall design of Windows' subsystems/VMM in comparison to macOS/Linux.
It sucks. You've got great plumbing in Windows with a shit shell on top.