I am also surprised. APFSDS, HEAT, even an RPG etc. are specially designed to penetrate and neutralized armor with high KE forces.
A lancet or any small drones OTOH travels at a relative slow speed yet is able to effectively KIA a tank like the Leo2s.
APFSDS are classified as KE (Kinetic Energy) penetrators
HEAT are classified as CE (Chemical Energy) penetrators
This actually adds to the confusion as both penetration mechanisms are technically the same and predicated on high speed, long rod penetrators.
KE penetrators are termed such because the penetrator is mechanically so - it relies on the kinetic energy within the penetrator. It's shape is a long rod. It achieves it's high speed via a reaction that occurs outside of the penetrator and much further downrange from point of impact. The key factors affecting penetration are the velocity, density and L/d ratio of the penetrator.
CE penetrators are termed such because the penetrator is the result of a chemical explosive event (eg. a shaped charge), on a ductile material, formed and accelerated at the point of impact. Key factors for affecting penetration are cone diameter and standoff distance - all else being equal. "All else being equal" because shape charge penetration attributes are heavily affected by the build material and quality of the shape charge. Same cone diameter, standoff distance, cone material and explosive type could still result in up to 5x difference in penetration capability due to how finely put together the round is.
Penetration mechanism for KE and CE rounds are about the same. Extremely high velocity penetrators with very high L/d ratios resulting in the armour and penetrator interacting like fluids rather than solids. Hydrodynamic plastic deformation rather than brute force material failure.
I don't believe the drones carry a lot of HE either and they are certainly are not shaped like kinetic round.
The physics doesn't make sense. Maybe someone well verse in kinetics can help me understand.
How much explosives are the lancet carrying?
So to answer your question - HEAT (CE) penetrators are accelerated to high speeds by the shape charge at the point of impact. As such the speed of the round/warhead itself is quite irrelevant. The bigger the shape charge, the more it can penetrate (as well as accommodate tandem warheads to defeat ERA/NERA clocks).
By way of example, some FPV drones literally have a RPG7 warhead strapped to them. A 7VL warhead (single HEAT) is about 2.5kg with about 700g of explosive filler.
O/T but EFPs (despite being a shape charge with a liner) are technically KE