No. Magnetic fields fall off as 1/d when d is small compared to the size of the magnet, progressing to 1/d^3 when d is large compared to the magnet. (E.g. weird edge case-- it's inversely proportional to distance from an infinitely long wire).
Electromagnetic radiation from point sources falls off as 1/d^2.
Electromagnetic radiation from point sources falls off as 1/d^2.