Standardized tests are highly predictive of IQ. https://slate.com/technology/2014/04/what-do-sat-and-iq-test... Here's a layman read. Here's a little more depth : https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6963451/
I know of some very, very clever people who do not perform well, and the opposite too.
I'm going to guess you're gains plateau or you get to a near-perfect score pretty quickly. The gains you're seeing are just familiarity with the test.