Given that it was derived from a twin-engine dive bomber, the Pe-3's flight performance is very lacklustre. The one advantage of the Pe-3 is that it is relatively fast, capable of reaching 500 km/h in level flight and 600 km/h in a dive. However, its climb rate and acceleration are both poor due to a lack of engine power. The aircraft's turn rate is also quite mediocre even for a twin engine heavy fighter, though it is superior to aircraft such as the Do 217 J. The Pe-3's control surfaces are relatively responsive, though elevator and aileron compression starts to occur past 500 km/h. Unlike the Pe-2, the Pe-3 does not have dive brakes.