Try opening a big complex html file and scroll immediately in VS Code and in Sublime text. Sublime Text blows VS Code out of water. This lag made me switch back to Sublime Text from VS Code.
That being said, with extensions enabled it can be a totally different story - some extensions will try to load the text content on every editor opening or even edit, which gets unusable very quickly. (Yes they run in a separate process, but that’s not a cure-all)
Tested on 2018 MBP.
(On VS code team, had nothing to do with the editor perf)