The iMac (Retina 4K, 21.5-inch, 2019) came with one of the following drives:
- A 1 TB (5400-rpm SATA) hard drive
- A 1 TB Fusion Drive,, using the same slow hard drive, in combination with a tiny (32 GB) SSD
- A SSD (256 GB, 512 GB, or 1 TB)
The Core i3 is a low-end processor, but if you have either the hard drive, or the Fusion Drive – as seems likely – odds are that the biggest performance bottleneck in your system is the internal drive.
That machine has four USB-A (USB 3.0) ports and two USB-C (USB, DisplayPort, Thunderbolt) ports, so if you wanted to get an external SSD and use it as your startup drive, you'd have a wide range of choices in SSDs.