Does club involvement matter for residency?

I am a current M1 at a US MD school. I would like to go into ENT. I see all my peers joining SIGs (special interest groups) and lots of advertisements for leadership positions. However, I am wondering if my time would be better spent studying harder or doing more research. I also don't really have any interest in these clubs, but I have a fear of missing out. Will it hurt me in any way if I avoid these clubs and just focus on research and studying?
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Medical Students (MD) Source Type: forums