Yes to an extent.
If you look at the article Jack posted you will see that the Titan X wins a lot of the benchmarks.
It has a single 384 bit bus.
The 295X2 has 2 512bit busses.
The SLI GTX 970s have 2 256 bit busses. Maxwell based.
For years wider busses meant better performance, but todays newer Maxwell chips do very well with smaller memory busses.
http://www.tomshardware.com/reviews/nvidia-geforce-gtx-960,4038-4.html
In this article you will see that a GTX 960 128bit bus matches and beats the GTX760 (256 bit bus) and the R 9 285 (256 bit bus).
So you need to look at benchmarks and not theoretical performance based on architecture. A bigger bus (theoretical better performance) does not always mean better performance.