Knowledge Base Embedding (KBE) models have been widely used to encode structured information from knowledge bases, including WordNet. However, the existing literature has predominantly focused on link prediction as the evaluation task, often neglecting exploration of the models’ semantic capabilities. In this paper, we investigate the potential disconnect between the performance of KBE models of WordNet on link prediction and their ability to encode semantic information, highlighting the limitations of current evaluation protocols. Our findings reveal that some top-performing KBE models on the WN18RR benchmark exhibit subpar results on two semantic tasks and two downstream tasks. These results demonstrate the inadequacy of link prediction benchmarks for evaluating the semantic capabilities of KBE models, suggesting the need for a more targeted assessment approach.