homesteader vs colonist

homesteader and colonist both are nouns.

Word	Noun	Adjective	Verb	Adverb
homesteader	Yes	No	No	No
colonist	Yes	No	No	No

As nouns, colonist is a hypernym of homesteader; that is, colonist is a word with a broader meaning than homesteader:

homesteader: someone who settles lawfully on government land with the intent to acquire title to it
colonist: a person who settles in a new colony or moves into new country

Other hypernyms of homesteader include settler.

homesteader (noun)	colonist (noun)
someone who settles lawfully on government land with the intent to acquire title to it	a person who settles in a new colony or moves into new country