https://www.history.com/news/spanish-flu-second-wave-resurge...
It's also nowhere near the HIV/AIDS global epidemic in likely total impact, but it's a lot more acute in it's impact than HIV/AIDS.
Also worth noting that a huge number of names in biology are quite arbitrary and/or accidents of history.
Or tech, for that matter. Fewer and fewer "hard disks" involve any actual disk, and more non-floppy floppy disks were made than actual floppy ones. Etc.
The Spanish Flu had a estimated infection fatality ratio of >2.5% (https://wwwnc.cdc.gov/eid/article/12/1/05-0979_article). As another commenter pointed out, the COVID-19 IFR is 0.9% in NYC. The difference between 2.5% and 0.9% is only 2.8x. However the IFR is not only underestimated due to the lag between case detection and death, but it's also probably a lot worse in many other parts of the world (third world countries, etc). So it's possible the difference is only 2-fold, which would make both pandemics relatively comparable.