disguise vs masquerade

disguise and masquerade both are nouns.

Word	Noun	Adjective	Verb	Adverb
disguise	Yes	No	Yes	No
masquerade	Yes	No	Yes	No

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

disguise: any attire that modifies the appearance in order to conceal the wearer's identity
masquerade: a costume worn as a disguise at a masquerade party

Other hyponyms of disguise include fancy dress, masquerade costume, mask.

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

Other hyponyms of disguise include cloak, dissemble, mask, dissimulate, camouflage.

disguise (noun)	masquerade (noun)
the act of concealing the identity of something by modifying its appearance	making a false outward show
any attire that modifies the appearance in order to conceal the wearer's identity	a costume worn as a disguise at a masquerade party
an outward semblance that misrepresents the true nature of something	a party of guests wearing costumes and masks

disguise (verb)	masquerade (verb)
make unrecognizable	pretend to be someone or something that you are not
	take part in a masquerade