leveling vs equating

leveling and equating both are nouns.

Word	Noun	Adjective	Verb	Adverb
leveling	Yes	No	No	No
equating	Yes	No	No	No

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

Other hyponyms of leveling include balancing, reconciliation, equation.

leveling (noun)	equating (noun)
the act of making equal or uniform	the act of regarding as equal
complete destruction of a building
changing the ground level to a smooth horizontal or gently sloping surface