materialization vs consequence

materialization and consequence both are nouns.

Word	Noun	Adjective	Verb	Adverb
materialization	Yes	No	No	No
consequence	Yes	No	No	No

As nouns, consequence is a hypernym of materialization; that is, consequence is a word with a broader meaning than materialization:

materialization: something that comes into existence as a result
consequence: a phenomenon that follows and is caused by some previous phenomenon

Other hypernyms of materialization include effect, event, issue, outcome, result, upshot.

materialization (noun)	consequence (noun)
an appearance in bodily form (as of a disembodied spirit)	having important effects or influence
something that comes into existence as a result	the outcome of an event especially as relative to an individual
the process of coming into being; becoming reality	a phenomenon that follows and is caused by some previous phenomenon