In addition to what Big Tom said, which is all correct, as a result of not burning all of the powder, and other factors, the velocity drops accordingly. As such, if your 26" barreled 7 Ultra (of which I also own one :wink: ) had a barrel length of 22", then I would guess that its velocity would probably be similar to, if not less than, a regular 7mm Rem. Mag.
Zachary