Not anymore.
https://www.jefftk.com/p/shared-cache-is-going-away
That means that the module approach isn't faster than bundling, but with HTTP2, the module approach shouldn't be slower than bundling.
EDIT: not that trivial https://webpack.js.org/guides/tree-shaking/
That means that the module approach isn't faster than bundling, but with HTTP2, the module approach shouldn't be slower than bundling.