Iron oxychloride (FeOCl) has been reported to be a highly efficient heterogeneous Fenton catalyst over a wide pH range. In order to determine the true catalytic performance of FeOCl, we simultaneously quantified the adsorptive and oxidative removal of formate, oxalate, and rhodamine-B (RhB) and the formation of RhB oxidation products at both pH 4.0 and 7.0. FeOCl was found to be a poor Fenton catalyst at either pH, as gauged by the oxidation of formate, oxalate, and rhodamine B and the decomposition of H2O2, in comparison with ferrihydrite (Fhy), one of the most common Fe-containing Fenton catalysts. The adsorption of target contaminants to FeOCl and homogeneous Fenton processes, induced by dissolved iron, resulted in overevaluation of the catalytic performance of FeOCl, especially for (i) the use of strongly adsorbing target compounds, without consideration of the role of adsorption in their removal and (ii) exceedingly high concentrations of H2O2 to remove trace quantities of target contaminants. Overall, this study highlights that the systematic quantification of H2O2 decomposition, target compound adsorption, and oxidation as well as the concentrations of oxidized products formed are prerequisites for unequivocal elucidation of the catalytic nature and reaction mechanism of solid Fenton catalysts.