equipment vs setup

equipment and setup both are nouns.

Word	Noun	Adjective	Verb	Adverb
equipment	Yes	No	No	No
setup	Yes	No	No	No

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

equipment: an instrumentality needed for an undertaking or to perform a service
setup: equipment designed to serve a specific function

equipment (noun)	setup (noun)
an instrumentality needed for an undertaking or to perform a service	an act that incriminates someone on a false charge
	equipment designed to serve a specific function
	the way something is organized or arranged