If by the same thing, you mean something used to reduce phosphates, then yes. However, GFO is something that actually breaks down in order to work, and if tumbled too strong or too weak can have issues with the tank.
Phosguard is a sponge, more or less, that specifically bonds to phosphates. Once full, it doesn't leach back into the tank, and does not require any tumble and can be run in a bag as long as any water passes through it.
I used Phosguard with perfect results in a canister filter of all things since I didn't want to shill out more for a reactor anyway.