Academy Award vs laurels

Academy Award and laurels both are nouns.

Word	Noun	Adjective	Verb	Adverb
Academy Award	Yes	No	No	No
laurels	Yes	No	No	No

As nouns, laurels is a hypernym of Academy Award; that is, laurels is a word with a broader meaning than Academy Award:

Academy Award: an annual award by the Academy of Motion Picture Arts and Sciences for achievements in motion picture production and performance
laurels: a tangible symbol signifying approval or distinction

Other hypernyms of Academy Award include accolade, award, honor, honour.

Academy Award (noun)	laurels (noun)
an annual award by the Academy of Motion Picture Arts and Sciences for achievements in motion picture production and performance	a tangible symbol signifying approval or distinction
	the state of being honored