Not really.

Usage: xz [OPTION]... [FILE]...
Compress or decompress FILEs in the .xz format.

Mandatory arguments to long options are mandatory for short options too.

  -z, --compress      force compression
  -d, --decompress    force decompression
  -t, --test          test compressed file integrity
  -l, --list          list information about .xz files
  -k, --keep          keep (don't delete) input files
  -f, --force         force overwrite of output file and (de)compress links
  -c, --stdout        write to standard output and don't delete input files
  -0 ... -9           compression preset; default is 6; take compressor *and*
                      decompressor memory usage into account before using 7-9!
  -e, --extreme       try to improve compression ratio by using more CPU time;
                      does not affect decompressor memory requirements