The physiological differences between men and women are so great that elite male and female athletes rarely compete with each other. These differences generally give men a competitive edge in sports that reward absolute strength, acceleration and speed. However, these differences are easily overstated, and in a few cases, female athletes are the ones who have the advantage over male athletes because of their particular physiological characteristics.
Cardiovascular Fitness
Athletes' cardiovascular fitness is measured by their maximum oxygen consumption, also known as VO2max, which measures their capacity to transport and use oxygen during exercise. This is measured by calculating the point at which an athlete's oxygen consumption remains steady despite an increase in an exercise intensity. Elite male athletes have a higher oxygen carrying capacity than women, which allows them to reach their maximum training peak earlier. According ACSM's Primary Care Sports Medicine reference book, this is probably due to women's lower hemoglobin levels and men's larger body size. Maximum oxygen consumption is directly related to body size.
Bones and Ligaments
Male athletes have longer and larger bones, which provide a clear mechanical advantage over female athletes. The increased articular surface and larger structure of male bones provide them with a greater leverage and a wider frame on which to support muscle. Similarly, the ligaments of female athletes are generally more lax and fragile than those of their male counterparts. This gives male athletes an advantage in sports that involve throwing, kicking and hitting, and explains the higher incidence of musculoskeletal injuries among female athletes. On the other hand, female athletes have a wider pelvis and a lower center of gravity, which provides excellent balance.
Strength
Male athletes have a higher ratio of muscle mass to body weight, which allows for greater speed and acceleration. This explains why female speed records in running and swimming are consistently 10 percent slower than men's, and why, on average, they have two thirds of the strength of men. However, when you factor out the larger muscle mass in men and compare muscular strength relative to cross-section area of muscle, the strength of male and female athletes is nearly equal.
Endurance
Endurance is largely determined by a body's efficiency when converting calories into energy. Female athletes are more efficient than male athletes at converting glycogen to energy. Glycogen is a secondary source of fuel you use when glucose levels drop. This is why female athletes excel in ultra-long-distance sports and rarely hit the wall during long races. It also explains why ultra-running, which includes races longer than a marathon, is one of the few sports where elite female and male athletes regularly compete together, and in which female athletes sometimes win.