NE vs compass point

NE and compass point both are nouns.

Word	Noun	Adjective	Verb	Adverb
NE	Yes	No	No	No
compass point	Yes	No	No	No

As nouns, compass point is a hypernym of NE; that is, compass point is a word with a broader meaning than NE:

NE: the compass point midway between north and east; at 45 degrees
compass point: any of 32 horizontal directions indicated on the card of a compass

Other hypernyms of NE include point.

NE (noun)	compass point (noun)
a midwestern state on the Great Plains	any of 32 horizontal directions indicated on the card of a compass
the compass point midway between north and east; at 45 degrees