Subqueries vs joins

A "correlated subquery" (i.e., one in which the where condition depends on values obtained from the rows of the containing query) will execute once for each row. A non-correlated subquery (one in which the where condition is independent of the containing query) will execute once at the beginning. The SQL engine makes this distinction automatically.

But, yeah, explain-plan will give you the dirty details.

You are running the subquery once for every row whereas the join happens on indexes.