Drag has quite an interesting history tied to power dynamics.
When a more powerful demographic "dresses up" as a less powerful demographic, it's seen as being a "figure of fun" it's literally the whole joke.
Cf. Brits in WW2, the 80s, panto dames and also black and white Minstrels.
Whereas a less powerful demographic "dressing up as" a more powerful one is socially transgressive, breaking the unwritten sumptuary (section dress) codes of society.
Different from*