Yes I agree with you on that one. I’ve had a few Ultrawides and then returned them and stuck with 16:9 for that reason. The sides appear stretched and while you do gain the extra space at the sides and a wider view, you actually loose height.
Although I’m actually considering going Ultrawide, again. My current monitor is 27” 16:9 and it seems a bit small sometimes and I’m always moving the camera to see more and zooming out to give extra FOV.