Is wrapped SOL the same as SOL?

Could you please clarify if wrapped SOL (wSOL) is indeed identical to SOL, the native token of the Solana blockchain? While I understand that wrapping tokens is a common practice in the cryptocurrency world to enable cross-chain compatibility, it's essential to ensure that the two tokens retain the same value and functionality. Could you elaborate on any differences in their use cases, transaction fees, or any other factors that might distinguish them? Additionally, is there a risk involved in converting SOL to wSOL and vice versa? Thank you for your clarification.