From my research recently along similar lines, the answer is no. Vitamix is the best, hands down.
I bought a Ninja. The full size, not the mini. It's AWESOME. $99, and almost as good. I base this opinion on my MIL's Vitamix, which she sent back in favor of a Ninja.
She said it was better, but not 5x better.
I find it makes great "snow" for margaritas. This is, truthfully, what I use it for most of the time. It's also nice for smoothies and cold soups.
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