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It's not similar at all. AMD's cores are 10-20% slower while Niagara was 80-90% slower. And AMD isn't intentionally slower; they designed the Zen core for maximum single-thread performance but they just didn't do as good a job as Intel because their budget is vastly smaller.
Zen does a decent job in clock-for-clock performance, huge killer on the desktop is raw clock speed. When you pit a Ryzen chip maxing out around 3.8-4.2GHz (depending on generation and silicon lottery) to an i7-8700K that has a base frequency of 4.7GHz it's pretty obvious which is going to come out on top. Most of that clock hit comes from the 12nm LPP process that AMD is currently using too from what I can tell, low…
Personally, consider the amount of random crap that i run, I'd rather have more cores. And more importantly, 80% of the performance for 50% of the price is just fine(tm).