As both native app developer (iOS Swift) and web app developer (React/Node), it makes sense for me when you talk about it in this point of view. But in my opinion, you are comparing apples to oranges.
The biggest drawbacks of PWAs is that, performance bottleneck is spent on downloading/fetching resources, delegating resource tasks to service workers, and optimizing the initial load of the app. Without HTTP2, you are limited not only by the constraints on the devices itself, but also the network accessibility.
Where as native apps doesn’t have that bottleneck (since apps are downloaded beforehand), and a lot of the performance bottleneck comes down to proper memory management, layout and rendering, and building smooth user experiences. In fact, a lot of the mobile UX best practices are built and shaped by native apps.