The actual answer to your question is "Yes". See this widely mentioned article:
Stop Windows 10 spying on you using just Windows Firewall.
But I would like to throw some light of sanity on this question.
The big hype of "Windows is spying on you" is sensational enough to make
good headlines, but the truth is much less interesting.
First, telemetry data is not used for commercial purposes.
Most of it is even deleted within 30 days of its transmission.
Second, Microsoft has become quite transparent about telemetry, and its
latest versions have exposed most of the functions through PC Settings
so they have become optional and controllable by the user.
Third, some parts of this telemetry data are even essential to the correct
functioning of Windows. Without these parts, for example Windows Update
may install incorrect patches with very bad results for the health of your
computer.
It is impossible to tell which "telemetric executable files"
are essential for the correct functioning of your computer.
My best advice for you is to turn off telemetry via PC Settings.
Do not give in to the hype.
As a remark: Microsoft is not the only one that is "spying" on you.
For example see Disable NVIDIA Telemetry.
I really think that stopping it all is
Cutting off the nose to spite the face.
See also :