New IPAD M4 and Magic Keyboard battery drain

Hi everyone. I just received my new M4 approximately 5 days ago, and I find that my battery life drains pretty quick compared to my old IPAD. My older IPAD would last for a few days on a single charge and my M4 only a few hours. As I type this my battery percentage went down by 4%.

The setting of my new M4 are exactly the same as my older IPAD (That I purchased in 2017). They are both on the most current update.

I brought down the keyboard lighting to the minimum. My background app refresh is off. It is so disheartening that this new IPAD doesnt last, and for the price i have paid for it…. Now down by 5%.

Anybody else have the same issues ? Were you able to fix it ? If yes how did you do it ?

Thanks in advance.

Karma-EOD