No, not at all... Its an enclosure for an existing hard drive that makes it into a portable media device (like a flash drive), but because its an actual ssd you get much better sustained speeds.
There's also some cool features like drive encryption, as well as if you put an iso file on the drive, you can navigate to it on the on the iodd device using the screen and buttons, and then select it. The enclosure will emulate a DVD reader, and you can just boot the iso without having to do any etcher / Rufus / yumi / dd stuff