It's definitely better privacy wise than Edge. Edge is really good, but sadly uses hardware based browser IDs and doesn't offer end to end encryption for all categories of synced data, and their start page is very chatty. Plus I think they default to having search suggestions on and sending the strokes to Bing.

Brave's browser ID is more ephemeral, it's not hardware based and doesn't persist across restarts, search suggestions are off by default and the default engine is DDG/Brave, and their sync service is end to end encrypted.

Edge is a good product, but not if you like wearing tinfoil hats. If privacy is no object, Edge is probably the best.