timeit versus timing decorator

I'm trying to time some code. First I used a timing decorator:

#!/usr/bin/env python

import time
from itertools import izip
from random import shuffle

def timing_val(func):
    def wrapper(*arg, **kw):
        '''source: http://www.daniweb.com/code/snippet368.html'''
        t1 = time.time()
        res = func(*arg, **kw)
        t2 = time.time()
        return (t2 - t1), res, func.__name__
    return wrapper

@timing_val
def time_izip(alist, n):
    i = iter(alist)
    return [x for x in izip(*[i] * n)]

@timing_val
def time_indexing(alist, n):
    return [alist[i:i + n] for i in range(0, len(alist), n)]

func_list = [locals()[key] for key in locals().keys()
             if callable(locals()[key]) and key.startswith('time')]
shuffle(func_list)  # Shuffle, just in case the order matters

alist = range(1000000)
times = []
for f in func_list:
    times.append(f(alist, 31))

times.sort(key=lambda x: x[0])
for (time, result, func_name) in times:
    print '%s took %0.3fms.' % (func_name, time * 1000.)

yields

% test.py
time_indexing took 73.230ms.
time_izip took 122.057ms.

And here I use timeit:

%  python - m timeit - s '' 'alist=range(1000000);[alist[i:i+31] for i in range(0, len(alist), 31)]'
10 loops, best of 3:
    64 msec per loop
% python - m timeit - s 'from itertools import izip' 'alist=range(1000000);i=iter(alist);[x for x in izip(*[i]*31)]'
10 loops, best of 3:
    66.5 msec per loop

Using timeit the results are virtually the same, but using the timing decorator it appears time_indexing is faster than time_izip.

What accounts for this difference?

Should either method be believed?

If so, which?

Use timeit. Running the test more than once gives me much better results.

func_list=[locals()[key] for key in locals().keys() 
           if callable(locals()[key]) and key.startswith('time')]

alist=range(1000000)
times=[]
for f in func_list:
    n = 10
    times.append( min(  t for t,_,_ in (f(alist,31) for i in range(n)))) 

for (time,func_name) in zip(times, func_list):
    print '%s took %0.3fms.' % (func_name, time*1000.)

->

<function wrapper at 0x01FCB5F0> took 39.000ms.
<function wrapper at 0x01FCB670> took 41.000ms.