Are blue team CTFs as relevant as red team CTFs for a real job?

What I mean is that offensive CTFs simulate a big portion of a red team job, and as such is beneficial for that. But are defensive CTFs (like the HackTheBox sherlocks, cyberdefenders and blueteamslabs challenges) relevant for a defensive cybersecurity job? Like take a SOC analyst for example, do blue team CTFs simulate a big portion of the job?

analyst big blue blue team challenges ctfs cybersecurity cybersecurity job defensive hackthebox job offensive real red team relevant soc soc analyst team