Sorta, but no. Low code entails more variance as making only websites, or being restricted to creating only certain determined outputs. For me the perks of low-code platforms like MS PowerAutomate are the ability to create simple integrations and processess between systems that are already utilized to some extent, and being able to quickly deploy these automations.
In a sense that they are somewhat clunky and restricting, and only good for some extent of complexity/performance/scalability the comparison to website builders can be made