The best test is to ping your gateway, as everything goes via that gateway, this is the minimum latency you can achieve.
One thing to note is that routers tend to prioritise traffic that flows through it, rather than to it, so the ping to a gateway might not necessarily be a lower bound.
Jumping on with more anecdotal results, I have both Hyperoptic (500/500) and Openreach FTTP (40/10) at my flat in London.
Pinging Google DNS (8.8.8.8) on Hyperoptic, I get
--- 8.8.8.8 ping statistics ---
1000 packets transmitted, 1000 received, 0% packet loss, time 140ms
rtt min/avg/max/mdev = 0.520/1.451/17.573/2.265 ms
And on Openreach, I get
--- 8.8.8.8 ping statistics ---
1000 packets transmitted, 1000 received, 0% packet loss, time 624ms
rtt min/avg/max/mdev = 3.009/3.947/21.666/0.650 ms
A traceroute with Hyperoptic shows that I stay within Hyperoptic's internal network and end up in Google's network at 209.85.248.229, and on Openreach I'm routed via the Poplar exchange, Telehouse, Volta, and then LONAP.
Subjectively, I can achieve much lower latencies on Hyperoptic, but the Hyperoptic connection tends to be under contention a lot more, resulting in much more variable latency, and the occasional packet loss.
And if you want to look at BQM graphs, Hyperoptic and Openreach FTTP - ignore the spikes every 30 minutes, that's due to bufferbloat when speedtests are ran.



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