Steve Jones makes a comparison:
Often I see running totals that are written in SQL using a variety of techniques. Many pieces of code were written in pre-2012 techniques, prior to window functions being introduced.
After SQL Server 2012, we had better ways to write a total. In this case, let’s see how much better. This is based on an article showing how you might convert code from the first query to the second. This is a performance analysis of the two techniques are different scales..
Steve shows a very fancy version of the self-join technique, which is actually even slower than using a cursor for this work. The fastest variant on the technique was something nicknamed the ‘quirky update’ technique, but it relied on an accidental property of how clustered indexes worked on temp tables in SQL Server and was not something Microsoft ever officially supported, meaning that any service pack, cumulative update, or hotfix might have broken your code and the best you’d get is an indifferent shrug.