Despite their similarities in design, IndyCars and Formula One cars are completely different machines, created with different priorities in mind. IndyCar competes on a variety of tracks, with the cars changing dramatically depending on the circuit.
F1 is considerably more standardized each race, but the innovation and improvement of the cars creates more variability among the teams and makes them the quickest racing cars in the world around a regular race track.

Although an IndyCar is roughly 70cm shorter and substantially lighter than an F1 vehicle, the simpler aero means they are significantly slower around a regular track.
In 2019, the fastest Formula One lap was a 1:32 at the Circuit of the Americas in Texas, while the fastest IndyCar lap was a 1:46 earlier in the year.
The top speeds of F1 cars are limited by circuits and draggy aero, so the highest speed you'll see in a season is usually around 220mph with the help of slipstream and DRS, whereas an IndyCar in superspeedway setup will nudge 240mph in clean air, despite having just a smidge over half the f1 1000 brake horsepower.

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