A lot of people seem to think they are the same, but I'm not sure if it has been confirmed. And those who actually know (i.e. Photo Warehouse) can't or won't say, at least not on a public photo forum. In any case, I used Ultrafine eXtreme 400 for a few years and really grew to love the film, not just for the bargain price. When it became unavailable, I switched to Kentmere 400 based on said rumors. I'm using the same developing times, with the same developer, in the same (internally consistent) workflow. You can compare for yourself, there's a thread here on the forum called
Ultrafine Xtreme Black & White Film ISO 400, with many image samples in 135 and 120 format.
My two cents as someone who has used both? They're very similar but not quite exactly the same.