No.

Look at how the system actually works. There are two choices. Both candidates have to compete for all the people who vote. If you sit out the election that doesn't mean either candidate will try to get your vote; they'll ignore you and go after the people who do vote.

Someone else came up with this analogy. It's like the trolley problem except the there's a third option. The third choice is to throw the switch to "Neither," but "Neither" isn't connected and the trolley kills someone anyway.