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This video is a give a speed test comparison between wired ethernet and WIFI connections on an Xbox One.
By connecting your Xbox One with the fastest connection you will be able remove lag from online gaming & buffering when streaming video.
Test Results were 42Mbps download over WIFI and 71Mbps with a wired ethernet cable. I also have my router right next to my Xbox so if the router was further away it's likely that the WIFI speed would have been slower.