Leaked DXR benchmarks indicate that AMD's hardware ray-tracing solution could be better than expected. In Shadow of the Tomb Raider, the Radeon RX 6800 at native-res trails the GeForce RTX 3070 by only a slight margin, even with the latter using DLSS upscaling.
https://www.notebookcheck.net/Big-Navi-ray-tracing-could-be-better-than-expected-leaked-benchmarks-show-the-Radeon-RX-6800-compete-with-the-GeForce-RTX-3070-with-DLSS-enabled.501308.0.html