Look at rates of hospitalization and death.

It appears that the Moderna vaccine at least is very effective at reducing severity but does not prevent infection (or does not do so well enough).

This ironically makes it more dangerous to not be vaccinated since vaccinated people are more likely to be asymptomatic carriers.

I’ll take it over nothing. It’s damn good for getting a vaccine in a year. There will probably be better ones in 2-3 years.