Yes, Xe for laptops is comparable with AMD's Ryzen 4xxx for laptops and Nvidia's MX350 for laptops (in particular, replacing a discrete MX350 with a Xe IGP reduces the number of chips needed). The MX450 tends to be faster but you can't win them all.

The high-performance gaming variant (Xe-HPG) has not been released so we don't know if it's any good.