advantage vs benefit

advantage and benefit both are nouns.

Word	Noun	Adjective	Verb	Adverb
advantage	Yes	No	Yes	No
benefit	Yes	No	Yes	No

As nouns, benefit is a hypernym of advantage; that is, benefit is a word with a broader meaning than advantage:

Other hypernyms of advantage include welfare.

advantage (noun)	benefit (noun)
the quality of having a superior or more favorable position	something that aids or promotes well-being
benefit resulting from some event or action	a performance to raise money for a charitable cause
(tennis) first point scored after deuce	financial assistance in time of need

advantage (verb)	benefit (verb)
give an advantage to	derive a benefit from
	be beneficial for