Do I need a compressor pedal with my new fender stratocaster?

The Beatles

New member
I just bought a new guitar. 2005 fender stratocaster with s-1 switching. I have been looking into effects pedals and have considered buying a compressor. However to my ear it seems like the function of my s-1 switch is almost exactly the same as hooking up a compressor pedal. Any thoughts?
 
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