materialization vs effect

materialization and effect both are nouns.

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

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

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

materialization (noun)	effect (noun)
an appearance in bodily form (as of a disembodied spirit)	an outward appearance
something that comes into existence as a result	(of a law) having legal validity
the process of coming into being; becoming reality	an impression (especially one that is artificial or contrived)
	the central meaning or theme of a speech or literary work
	a phenomenon that follows and is caused by some previous phenomenon
	a symptom caused by an illness or a drug

materialization (verb)	effect (verb)
	produce
	act so as to bring into existence