Yes, with regards to performance, Nvidia GeForce RTX 4070 Ti outperforms, Radeon RX 5500 XT by 367.5% in 3Dmark benchmark.
The RTX 4070 Ti is more energy-efficient considering its performance, having power consumption of 285 watts and a 3DMark score of 22706. By comparing its benchmark score to its power consumption, we get an efficiency score of 80. RX 5500 XT's efficiency score is 37 .So RTX 4070 Ti leads by 116.2%, making it the smarter choice in terms of power consumption.
RTX 4070 Ti price to performance rating is lower than RX 5500 XT's. RX 5500 XT offers 24.1% better value fo money.