Short answer, no. The point is that someone of Latin@ or Hispanic ethnicity can be of any race. Latin@ means someone whose roots are in Central or South America, including non-Spanish speaking countries, like Brazil. Hispanic means someone from a Spanish speaking country, excluding countries like Brazil, but including countries outside of the Americas, like Spain. (Though generally the Spanish don’t accept the title of Hispanic) Latin@ is thought to be the more inclusive of the two, and is generally favored by younger generations, while Hispanic tends to be favored by older ones. Some reject both, and only identify with their country of origin (i.e. simply saying “I’m Dominican”)
None of this has anything to do with race, because someone from these countries and cultures can be of any race. It would be like listing “European” as a race. This is why it’s really an ethnic category, a grouping based on similar culture and language. Using these titles as racial or grouping them all together, even as a ethnic category, is frowned upon because it treats widely varying cultures and people as one conglomerate.