IMO squirting and female ejaculation are different phenomena. Ejaculation is the gush, just a small amount of thicker fluid, whereas squirting is a forceful expression of thinner liquid.
Oh wow, this is getting more complicated now.
Generally when I cum hard, I produce thick white fluid, but it doesn't generally leave my vagina if you know what I mean - it's just visible on a cock, fingers, or a toy, afterwards! I wouldn't have classed this as ejaculation or anything other than "cumming hard".
I have squirted very occasionally and it feels different, more like thin fluid, although tbh I don't feel any fluid at the time, it just feels warm.