You can use the Compare Domains tab in the Domain Overview dashboard to measure your site's performance against your competitors.

The statement is true. The "Compare Domains" tab within the Domain Overview dashboard in Semrush is specifically designed for competitive analysis. It allows you to input your domain and several competitor domains to quickly see a side-by-side comparison of key metrics such as organic traffic, paid traffic, backlinks, and keyword rankings. This feature helps you understand your market position and identify areas where competitors are performing better or worse, informing your strategy.