Not necessarily, but often true. The HPL monogrades are sort of the exception that proves the rule.
HPL SAE 30: -45C pour point, KV40 of 74.8, D1G2 additives, high moly, GTL, AN, Ester base oils. TBN of 13+.VI is 122.
Valvoline Daily Protection SAE 30: -18C pour point, KV40 of 81, API SQ, Group I/II blend, no GTL, no AN, no Ester, TBN of 6.8. VI is 108.
The only thing these oils have in common is meeting the latest API spec and sharing a viscosity grade.
That makes it entirely in appropriate to make broad assertions purely on viscosity grade and not accounting for actual formulations.