I did some basic tests on my KVM host "monster" with dd to figure out the disk I/O performance of the host in comparison to it's guests. For this I ran dd if=/dev/zero bs=1M count=16384 directly onto a raw 50GB device (LVM2 LV on raid-5 array, see previous post for bonnie benchmarks of that). The results are quite astonishing:
Linux-2.6.32-trunk-amd64 (native): 140 MB/s
DragonFly-2.5.1.803.g905ff (virtualized): 131,7 MB/s
Where the host has 8GB of RAM and the VM only 1GB of RAM.