I just did go and try it on my own camera. Set all the saturation and such to zero/neutral, took a raw+jpeg, and compared the histograms. I was unable to produce any situation where the jpeg said it was not blown out, but the RAW said it was. And I was TRYING to push the colors as if taking extreme flower photos. E.g. taking photos of my bright orange bed sheets with a leather jacket and a red book on top of it in tungsten light; a blue seashell and a bright green radio under UV light, and a normal scene.
I wasn't even able to produce a situation where the histograms looked very different. No, they were not identical in every little detail (I don't expect them to be, since the jpeg is compressing not just flatly sampling), but the overall gross shape was almost exactly the same, and there was no noticeable pattern of the edges acting differently. Occasionally shifted a few points in brightness or something, nothing more. WELL within the powers of RAW latittude to correct for with sliders and those extra 6-8 bits of data to shield it from any sort of visible posterization.
Here is an example from the scene with all the orange/red stuff:
View attachment 57677
The arrows point to the only two sliders I had to change. Brightness by just a few points and blacks from 5 down to 1. Neither of those changes was even all that visible to my eye, but I did them anyway just to match the histograms as closely as possible.
Why would it need to be? Do you really think I care if a given pixel is 8,459 or 8,458? Would I need to know how many pixels are at 8,459 and how many are at 8,458?
You don't need to. Which is why you don't really need a RAW historgram, because that's all it would really tell you that was much different from a neutral jpeg histo.
Okay, fine, that's not ALL it tells you. It also tells you very very slight shape differences that come from the manipulation of the image's pixels during the compression process. But nothing about jpeg compression should be extreme enough to concern the photographer at all in terms of worrying about their exposure being misrepresented or anything like that. The change is too slight--probably slighter than 1/3 of a stop, such that you couldn't even adjust your camera to account for it if you wanted to, because your controls are too coarse.
Compress the histo down to 8-bit, view it just as a normal JPEG histo, and watch the ends.
Absolutely nothing happened in any of my samples. I could see a couple of the histo bars move like, maybe 1 pixel up or down (presumably as a few pixels in the image right near to edges of the zones got re-rounded). That's it. Nor do I see why anything SHOULD have changed. What are you getting at?