laurels vs decoration

laurels and decoration both are nouns.

Word	Noun	Adjective	Verb	Adverb
laurels	Yes	No	No	No
decoration	Yes	No	No	No

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

laurels: a tangible symbol signifying approval or distinction
decoration: an award for winning a championship or commemorating some other event

laurels (noun)	decoration (noun)
a tangible symbol signifying approval or distinction	the act of decorating something (in the hope of making it more attractive)
the state of being honored	something used to beautify
	an award for winning a championship or commemorating some other event