nVidia (at "comparable" hardware, very handwaving) gets about 6x the ray tracking performance of an M1.
If we judge by Blender results, Nvidia is roughly 4x faster by product category, and that with a much higher shader core budget. E.g. 4070 RTX is 3x faster than M2 Max, and that GPU has 20% more shader clusters and is clocked almost 80% higher.