hanging vs ornament

hanging and ornament both are nouns.

Word	Noun	Adjective	Verb	Adverb
hanging	Yes	No	No	No
ornament	Yes	No	Yes	No

As nouns, ornament is a hypernym of hanging; that is, ornament is a word with a broader meaning than hanging:

Other hypernyms of hanging include decoration, ornamentation.

hanging (noun)	ornament (noun)
the act of suspending something (hanging it from above so it moves freely)	something used to beautify
a form of capital punishment; victim is suspended by the neck from a gallows or gibbet until dead
decoration that is hung (as a tapestry) on a wall or over a window

hanging (verb)	ornament (verb)
	make more attractive by adding ornament, colour, etc.
	be an ornament to