decoration vs laurels

decoration and laurels both are nouns.

Word	Noun	Adjective	Verb	Adverb
decoration	Yes	No	No	No
laurels	Yes	No	No	No

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

decoration: an award for winning a championship or commemorating some other event
laurels: a tangible symbol signifying approval or distinction

Other hypernyms of decoration include accolade, award, honor, honour.

decoration (noun)	laurels (noun)
the act of decorating something (in the hope of making it more attractive)	a tangible symbol signifying approval or distinction
something used to beautify	the state of being honored
an award for winning a championship or commemorating some other event