caricature vs parody

caricature and parody both are nouns.

Word	Noun	Adjective	Verb	Adverb
caricature	Yes	No	Yes	No
parody	Yes	No	Yes	No

As nouns, parody is a hyponym of caricature; that is, parody is a word with a more specific, narrower meaning than caricature:

caricature: a representation of a person that is exaggerated for comic effect
parody: a composition that imitates or misrepresents somebody's style, usually in a humorous way

Other hyponyms of caricature include mock-heroic, burlesque, lampoon, mockery, pasquinade, put-on, send-up, sendup, spoof, takeoff, travesty.

caricature (noun)	parody (noun)
a representation of a person that is exaggerated for comic effect	humorous or satirical mimicry
	a composition that imitates or misrepresents somebody's style, usually in a humorous way

caricature (verb)	parody (verb)
represent in or produce a caricature of	make a parody of
	make a spoof of or make fun of