Yes, you are right.
I take it that all of this is in simulation, not in reality on the bench, is that right?
For those interested, RF signal generators often have several selections for output units. For example, you can push a button to show output of, say, 2.0 Volts, in which case your open circuit output voltage would be 4 volts, because they assume you are attaching a 50 ohm load. Or you can choose "Vemf" and in this case the value shown on the display is 4 volts but the output would be the same as if you had selected 2 V (not Vemf). Vemf is the industry's way of saying "open circuit output voltage" instead of "matched load voltage". Other typical selections usually include mV, mVemf, uV, uVemf, dBuV, dBV, dBmV, dBm.