Bad performance in a default VR project

Hello

So I have a default VR project with nothing in it. Yet still already I’m getting really bad performance.

I have switched to the forward renderer, added all of epics recommended settings for VR into the .ini file and still the basepass is extremely high.

I’m running on a GTX 980 with a i7 3770 so hardware shouldn’t be an issue.

Frame jumps are a thing in the project as well. The FPS hops between anything from 50-120.

Thanks