So you instead of having the inconvenience of opting out of a few privacy settings, you'd rather have to opt out of a bunch and still get spied on by Microsoft. I hate to break the news but Edge has turned into the worst browser of all when it comes to privacy.

Option 1: Have only Edge installed.

Option 2: Install Chrome. Edge will stil be present because I cannot remove it.

I choose 1 every time. At least Google is not getting my data in addition to Microsoft.

You can use local group policies to configure whatever privacy settings you need.