All test results are in seconds.  The first three columns of tests are done using Magento 2.3.2 + Codazon Fastest - Ellyana theme - Most features disabled.  The fourth column is done on Magento 2.3.2 _ Luma theme

 

  Apache + Magento Cache Apache + Magento Cache + Cloudflare NGINX + Varnish + Redis NGINX + Varnish + Redis + Luma Theme
         
Pingdom.com 1.95 1.46 2.1  
Pingdom.com 2nd run 1.77 1.46 1.34  
Pingdom.com 3rd run 1.48 1.46 1.39  
Pingdom.com category page 3.96 2.96 2.31  
Pingdom.com category page 2.51 2.96 2.42  
giftofspeed.com 3.46 3.66 7.3  
giftofspeed.com 3.43 3.65 3.5  
giftofspeed.com category page 8.17 7.45 5.59  
giftofspeed.com category page 7.52 5.28 5.04  
GT Matrix 1st run 17.1 10.1 10.6  
GT Matrix 2nd run 12.5 7.2 8.9  
GT Matrix 3rd run 9.6 10.9 9.6  
GT Matrix 4th run 9.6 8.4 7.8  
GT Matrix category page 12.6   8.9  
Webpagetest.org 5.05 5.34 5.02  
webpagetest.org 5.06 4.7 5.11  
thinkwithgoogle.com 4.2   4.6  
LightHouse (chrome plugin) 5.4 5.5 5.4  
LightHouse 6.3 5.8 6.1