Studies of discrete languages emerging when neural agents communicate to solve a joint task often look for evidence of compositional structure. This stems for the expectation that such a structure would allow languages to be acquired faster by the agents and enable them to generalize better. We argue that these beneficial properties are only loosely connected to compositionality. In two experiments, we demonstrate that, depending on the task, non-compositional languages might show equal, or better, generalization performance and acquisition speed than compositional ones. Further research in the area should be clearer about what benefits are expected from compositionality, and how the latter would lead to them.