It's more ethnic cleansing via conflict than it is industrial racially targetted murder.
Remember Israel has millions of "Arab Israelis"/Palestinians living in Israel proper.
The salient features are mass slaughter and land grabs motivated by a racial supremacy based ideology. In these respects they are identical.
Those Arabs dont feel entirely safe living as second class citizens in a society where UN recognized genocide of their brothers and sisters goes unpunished and chants of "death to arabs" have become louder every day.