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Firstly, it lacks an integrated dashboard that allows users to monitor all of their devices running Windows Defender.
Source: https://www.devicemag.com/windows-defender-vs-bitdefender/
In terms of real-world tests, however, both solutions performed equally well with an “ADVANCED” rating for McAfee and a “STANDARD” rating for Windows Defender.
Source: https://www.devicemag.com/mcafee-vs-windows-defender/
That bundled software does include a 12-month subscription to McAfee LiveSafe for those who want more protection than what Windows Defender offers, but it's not actually installed out of the box.
Source: https://hothardware.com/reviews/dell-xps-15-9530-review
The problem appears to be related to a malfunctioning attack surface reduction (ASR) rule issued with Windows Defender security intelligence update on Friday, 13 January 2023.