It's only a little bit off. To get the true hydrodynamic analog to a capacitor, connect the bars of two big pistons together so that volume accumulated in one comes at the expense of the other, then hit the bar with a spring so that its motion comes with some energy cost that can oppose a constant pressure.
The point is that this component alone ties flow to accumulation, whereas generally your other components (resistors=thin pipes, wires=thick pipes, batteries=Archimedes screws, inductors=turbines connected to flywheels) do not accumulate volumes of water inside of them. Flow needs to make sense even without accumulation due to flow-balance, just like force needs to make sense even in situations where velocity stays constant due to force-balance.
The point is that this component alone ties flow to accumulation, whereas generally your other components (resistors=thin pipes, wires=thick pipes, batteries=Archimedes screws, inductors=turbines connected to flywheels) do not accumulate volumes of water inside of them. Flow needs to make sense even without accumulation due to flow-balance, just like force needs to make sense even in situations where velocity stays constant due to force-balance.