Yes, that means C without optimizing without UB is slower than Java. Optimizations need some form of reasoning about what's happening. For Java it's optimizing based on guarantees provided by the language (there's no raw pointers that could mess with the things listed above). But C doesn't provide any hard guarantees, so instead it needs to blindly assume that the code will behave sanely.
Also note that for many of the more manageable sources of UB, most compilers provide a choice (-fwrapv, -fno-strict-aliasing, ...). Yet few projects use these options, even when they use other gcc/clang-specific features. Doesn't that indicate that C programmers indeed want to sacrifice safety for optimizations?