The Waymo Open Motion Dataset (WOMD) has become a popular resource for data-driven modeling of autonomous vehicles (AVs) behavior. However, its validity for behavioral analysis remains uncertain due to proprietary post-processing, the absence of error quantification, and the segmentation of trajectories into 20-second clips. This study examines whether WOMD accurately captures the dynamics and interactions observed in real-world AV operations. Leveraging an independently collected naturalistic dataset from Level 4 AV operations in Phoenix, Arizona (PHX), we perform comparative analyses across three representative urban driving scenarios: discharging at signalized intersections, car-following, and lane-changing behaviors. For the discharging analysis, headways are manually extracted from aerial video to ensure negligible measurement error. For the car-following and lane-changing cases, we apply the Simulation-Extrapolation (SIMEX) method to account for empirically estimated error in the PHX data and use Dynamic Time Warping (DTW) distances to quantify behavioral differences. Results across all scenarios consistently show that behavior in PHX falls outside the behavioral envelope of WOMD. Notably, WOMD underrepresents short headways and abrupt decelerations. These findings suggest that behavioral models calibrated solely on WOMD may systematically underestimate the variability, risk, and complexity of naturalistic driving. Caution is therefore warranted when using WOMD for behavior modeling without proper validation against independently collected data.