I will admit that on the surface it seems so, and ultimately, you are probably correct. But I view it as the lesser of two evils at this point in time.

Google is tied, quite literally, to nearly every website out there (essentially) through their analytics and ads. Using Chrome causes a perceptible difference in the way ads and even some content is presented to me. I have not noticed the same issue when using Edge. I'm sure it is there, and I'm sure Microsoft can probably go even lower into the OS. But I just don't pervasively feel MS tracking like I do Google's. And frankly, it isn't even close.