Used a 5700xt benchmark of the same scene to compare the PS5 GPU with the 5700xt, and it looks like the PS5 is consistently 5-7 fps better than this overclocked 10.75 tflops 5700xt.
Pretty damn impressive i'd say considering there was no IPC gains between RDNA 1.0 and RDNA 2.0, and the fact that the 5700xt has a massive bandwidth advantage (448 GBps all to itself whereas the PS5 GPU has to share it with the CPU). Also, this benchmark is using a 3950x which is a $750 16 core 32 thread CPU. So we can chalk this up entirely to the PS5 I/O and console APIs.
Timestamped: Run them side by side to see a consistent 5-7 fps advantage.
Based on this, id say the PS5 is performing somewhere between a 2080 and a 2080 Super in this game. This game heavily favors AMD cards seeing as how the 7.9 tflops 5700 is outperforming the 9.3 tflops 2070. So its more in line with games like AC Valhalla which was also in the 2080 Super range.