You could but it would be about as misleading as a sentence could possibly be.
The purpose of compression is to preserve content as much as possible: similar inputs should give similar outputs, and the output should provide as much information about the input as it can.
Hashing deliberately does the exact opposite - slightly different inputs should give wildly different outputs - as its primary purpose in the case of crypto hashes, and in the case of index hashes as a performance optimization (which is the primary purpose of index hashes).