Yes it's all the same thing. Your data is reactive and an be modularized. The renderer is reactive with the DOM basically being a side effect. There basically is no renderer just a reactive system with different types of data. It means there is an incredible amount of flexibility and raw performance.

The tradeoff is rendering isn't particularly special. So the systems consciousness of specific render specific concepts requires additional consideration. There is no "onMount". There are reactive lifecycles but they aren't particularly tied to DOM updates.