No, what makes you Nazi-like is the worship of power, particularly the power to murder, especially when you don't have it. You don't have to commit genocide to be a Nazi; you just have to want to commit genocide. Does anyone doubt that if given the chance, there would be countless Arab groups or governments who would leap at the opportunity to wipe out all of the Jews? One need only take their word for it.
Ultimately, though, by claiming that Israel is the villain in this passion play, it becomes possible to hide the truth in plain sight.
When I downplayed the threat of a possible Nazi regime in America, I heard countless people saying I was akin to the Germans who "closed their drapes" as the Jews were rounded up. Obviously, this is as stupid as it is offensive.
But there are people closing their drapes today. They're the ones who see and hear about the things going on in the Middle East every day, but continue to hide behind silly libels against America and phrases like "Israeli oppression."