fairy vs faerie

fairy and faerie both are nouns.

Word	Noun	Adjective	Verb	Adverb
fairy	Yes	No	No	No
faerie	Yes	No	No	No

As nouns, fairy and faerie are synonyms defined as:

fairy and faerie: a small being, human in form, playful and having magical powers

Other synonyms of fairy include faery, fay, sprite.

fairy (noun)	faerie (noun)
a small being, human in form, playful and having magical powers	the enchanted realm of fairies
offensive term for a homosexual man	a small being, human in form, playful and having magical powers