diversification vs status

diversification and status both are nouns.

Word	Noun	Adjective	Verb	Adverb
diversification	Yes	No	No	No
status	Yes	No	No	No

As nouns, status is a hypernym of diversification; that is, status is a word with a broader meaning than diversification:

Other hypernyms of diversification include condition.

diversification (noun)	status (noun)
the act of introducing variety (especially in investments or in the variety of goods and services offered)	the relative position or standing of things or especially persons in a society
the condition of being varied	a state at a particular time