Yeah, the "chain wax" I use is a lubricant, I just prefer it to the other junk that goops on and then flings all over the place the first time you ride it. I'm not kidding when I say if you let the chain wax sit for 15-20 minutes, you won't get any fling. The trick is to warm the chain up with a short ride before you apply the lube.
I don't want to sound like a "know it all" as I've been called on other forums. I'm just letting you know what has worked for me.