So my PS games show in my "Owned Games" but the games I have installed on my PS5 do not show under "Installed Games". Am I missing something or is this normal?

The "Owned Games" is fairly unimportant (and unused) because there are so many games in it it's overwhelming. The "Installed Games" however would be a great place to look when you just want to see all of your currently installed games on all platforms.

So, are others seeing this same behavior or is something maybe wrong on my end?