This paper argues that when you build a extremely minimal kernel (i.e. ditch Linux entirely) and link your application against necessary bits of code to execute _as_ a VM, then you'll get better performance than a container and you'll get that isolation.
This is in fact true based on performance studies, the follow up paper to this shows so: https://arxiv.org/pdf/2104.12721
(Disclosure, co-author of the linked paper.)
We ended up taking this to real workloads if you want to see it in action: https://unikraft.io/