derive vs etymologize

derive and etymologize both are verbs.

Word	Noun	Adjective	Verb	Adverb
derive	No	No	Yes	No
etymologize	No	No	Yes	No

As verbs, etymologize is a hyponym of derive; that is, etymologize is a word with a more specific, narrower meaning than derive:

derive: develop or evolve from a latent or potential state
etymologize: give the etymology or derivation or suggest an etymology (for a word)

Other hyponyms of derive include etymologise.

derive (verb)	etymologize (verb)
develop or evolve from a latent or potential state	construct the history of words
obtain from a particular source	give the etymology or derivation or suggest an etymology (for a word)
reason by deduction; establish by deduction
obtain
come from; be connected by a relationship of blood, for example