Hi
Whilst I can't say why that has been happening, the following steps may help (check performance after each before moving on to the next):
If you have not yet done so, update both your iPhone and Apple Watch to the latest software, starting with your iPhone:
- Update the iOS on your iPhone, iPad, or iPod touch - Apple Support
- Update your Apple Watch - Apple Support
Restart both your iPhone and your Apple Watch, turning both off together, then restarting your iPhone first:
- Restart your iPhone, iPad, or iPod touch - Apple Support
- How to restart your Apple Watch - Apple Support
Unpair and re-pair your watch:
- The Watch app on your iPhone takes a backup of your watch automatically when unpairing via the app.
- Initially choose to Restore from Backup during set up (most data and settings will be restored, with some exceptions, such as Apple Pay cards, passcode).
- If the issue persists, consider instead unpairing and setting it up as a new watch.
- Unpair your Apple Watch and iPhone - Apple Support
- Set up your Apple Watch - Apple Support
Remove apps and watch face complications:
- Remove third-party apps from the Dock and/or remove them completely from your watch and then monitor performance after adding them back, one at a time.
- Remove watch face complications and monitor performance as you add them back:
If the issue then persists, I suggest that you contact Apple Support (remote diagnostics and/or mail-in service may be available, if required), make a Genius Bar reservation or visit an Apple Authorised Service Provider for assistance: