hazard vs mishap

hazard and mishap both are nouns.

Word	Noun	Adjective	Verb	Adverb
hazard	Yes	No	Yes	No
mishap	Yes	No	No	No

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

hazard: an unknown and unpredictable phenomenon that causes an event to result one way rather than another
mishap: an unpredictable outcome that is unfortunate

Other hyponyms of hazard include bad luck, mischance, even chance, toss-up, tossup.

hazard (noun)	mishap (noun)
an obstacle on a golf course	an instance of misfortune
an unknown and unpredictable phenomenon that causes an event to result one way rather than another	an unpredictable outcome that is unfortunate
a source of danger; a possibility of incurring loss or misfortune

hazard (verb)	mishap (verb)
put forward, of a guess, in spite of possible refutation
take a risk in the hope of a favorable outcome
put at risk