diff --git a/.changes/unreleased/Fixes-20240212-154728.yaml b/.changes/unreleased/Fixes-20240212-154728.yaml
new file mode 100644
index 00000000000..6e8c070764f
--- /dev/null
+++ b/.changes/unreleased/Fixes-20240212-154728.yaml
@@ -0,0 +1,6 @@
+kind: Fixes
+body: Fix Semantic Model Compare node relations
+time: 2024-02-12T15:47:28.752107-08:00
+custom:
+  Author: ChenyuLInx
+  Issue: "9548"
diff --git a/core/dbt/contracts/graph/nodes.py b/core/dbt/contracts/graph/nodes.py
index cb032a953d8..1f08f310f17 100644
--- a/core/dbt/contracts/graph/nodes.py
+++ b/core/dbt/contracts/graph/nodes.py
@@ -1527,9 +1527,6 @@ def depends_on_macros(self):
     def same_model(self, old: "SemanticModel") -> bool:
         return self.model == old.model
 
-    def same_node_relation(self, old: "SemanticModel") -> bool:
-        return self.node_relation == old.node_relation
-
     def same_description(self, old: "SemanticModel") -> bool:
         return self.description == old.description
 
@@ -1562,7 +1559,6 @@ def same_contents(self, old: Optional["SemanticModel"]) -> bool:
 
         return (
             self.same_model(old)
-            and self.same_node_relation(old)
             and self.same_description(old)
             and self.same_defaults(old)
             and self.same_entities(old)
diff --git a/tests/unit/test_semantic_models.py b/tests/unit/test_semantic_models.py
index 7ba1bd9c6a1..3bd79a679e9 100644
--- a/tests/unit/test_semantic_models.py
+++ b/tests/unit/test_semantic_models.py
@@ -4,6 +4,7 @@
 
 from dbt.artifacts.resources import Dimension, Entity, Measure, Defaults
 from dbt.contracts.graph.nodes import SemanticModel
+from dbt.artifacts.resources.v1.semantic_model import NodeRelation
 from dbt.node_types import NodeType
 from dbt_semantic_interfaces.references import MeasureReference
 from dbt_semantic_interfaces.type_enums import AggregationType, DimensionType, EntityType
@@ -41,7 +42,9 @@ def default_semantic_model(
         dimensions=dimensions,
         entities=entities,
         measures=measures,
-        node_relation=None,
+        node_relation=NodeRelation(
+            alias="test_alias", schema_name="test_schema", database="test_database"
+        ),
     )
 
 
@@ -92,3 +95,12 @@ def test_semantic_model_same_contents_update_model(default_semantic_model: Seman
     default_semantic_model_copy.model = "ref('test_another_model')"
 
     assert not default_semantic_model.same_contents(default_semantic_model_copy)
+
+
+def test_semantic_model_same_contents_different_node_relation(
+    default_semantic_model: SemanticModel,
+):
+    default_semantic_model_copy = deepcopy(default_semantic_model)
+    default_semantic_model_copy.node_relation.alias = "test_another_alias"
+    # Relation should not be consided in same_contents
+    assert default_semantic_model.same_contents(default_semantic_model_copy)