So it\'s a CPython thing, not quite sure that it has same behaviour with other implementations.
But \'{0}\'.format() is faster than str() and
The IPython timing is just off for some reason (though, when tested with a longer format string in different cells, it behaved slightly better). Maybe executing in the same cells isn't right, don't really know.
Either way, "{}" is a bit faster than "{pos}" which is faster than "{name}" while they're all slower than str.
str(val) is the fastest way to transform an object to str; it directly calls the objects' __str__, if one exists, and returns the resulting string. Others, like format, (or str.format) include additional overhead due to an extra function call (to format itself); handling any arguments, parsing the format string and then invoking the __str__ of their args.
For the str.format methods "{}" uses automatic numbering; from a small section in the docs on the format syntax:
Changed in version 3.1: The positional argument specifiers can be omitted, so
'{} {}'is equivalent to'{0} {1}'.
that is, if you supply a string of the form:
"{}{}{}".format(1, 2, 3)
CPython immediately knows that this is equivalent to:
"{0}{1}{2}".format(1, 2, 3)
With a format string that contains numbers indicating positions; CPython can't assume a strictly increasing number (that starts from 0) and must parse every single bracket in order to get it right, slowing things down a bit in the process:
"{1}{2}{0}".format(1, 2, 3)
That's why it also is not allowed to mix these two together:
"{1}{}{2}".format(1, 2, 3)
you'll get a nice ValueError back when you attempt to do so:
ValueError: cannot switch from automatic field numbering to manual field specification
it also grabs these positionals with PySequence_GetItem which I'm pretty sure is fast, at least, in comparison to PyObject_GetItem [see next].
For "{name}" values, CPython always has extra work to do due to the fact that we're dealing with keyword arguments rather than positional ones; this includes things like building the dictionary for the calls and generating way more LOAD byte-code instructions for loading keys and values. The keyword form of function calling always introduces some overhead. In addition, it seems that the grabbing actually uses PyObject_GetItem which incurs some extra overhead due to its generic nature.