This is true, but neither is "tensile strength" really a thing for the same reason. A simple uni-axial tensile test is not really uni-axial, but a combination of orthogonal normal stresses that ultimately results in shear failure. I've heard it said that "all failure is shear failure", and I think that's true. When you look closely at the ductile fracture surface of a ruptured tensile specimen, the characteristic "cupping"[0] appearance consists of various surfaces at 45 degrees from the direction of the applied load. Principle shear stresses are always oriented 45 degrees from the principle normal stresses.
[0]https://upload.wikimedia.org/wikipedia/commons/1/1b/DuctileF...