Is that fair? The whole point of the tradeoffs made by HotSpot is that it's optimized for JITing.
Imho there is no way to do a fair comparison, as both implementations have completely different goals.
One thing that would be interesting is comparing the performance of some really simple command line program (e.g. `ls` or `cp` for small files) between Hotspot in interpreter mode, Jacobin and GraalVM native.