as long as you have your normalize set to peak mode (this is generally what its default is, many you cant even choose any other option such as RMS)
it will set your max peak values to 0dbfs as moses said though i dont know anyone in operation who uses it.
FYI a limiter is nothing more than a compressor with ratio set to infinite or very high, above 10:1
often they are one trick ponies, whereby having fixed ratio means you cannot use for anything other than limiting but their essential operation is just the same in both.
as such using either will reduce dynamic range, thats what they do.