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If it doesn't support the full gamut of protections offered by a bare-metal hypervisor like Xen, then it doesn't seem very secure.
But maybe someday.
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Xen doesn't guarantee isolation. Formally verified separation atop of RISC-V is achievable with sel4. General purpose tagged architectures and HW verification frameworks like Kami will provide the strongest guarantees for secure systems.
The level of isolation delivered is about the same; even microkernels rely on hw features as primitives and side-channels remain an issue w both.
The difference is you can have a highly functional PC under Xen, as QubesOS shows.

