No, spectrum only means the color of the light put out by that bulb.
The Lower the spectrum, the more red & yellow colored light put out by that bulb
The Higher the spectrum, the more blue light put out by that bulb.
Ex. Daylight bulbs which appear almost blue have a higher kelvin rating (5000k+) while HPS - High Pressure Sodium - bulbs appear yellow and have a lower kelvin rating (2700k+)
What are the two types good for?
Bulbs with higher kelvin ratings (daylight bulbs) give light that the plant mainly uses for vegetative, or leaf, growth.
Bulbs with lower kelvin ratings (HPS bulbs) give light that plants need to flower and fruit but are not as good at helping plants grow leaves.
So... In conclusion, choose High Kelvin rating bulbs if you want to grow plants inside to transplant outside, or, choose low kelvin rating bulbs if you plan on getting plants to fruit inside.
Hope this helped