materialization vs outcome

materialization and outcome both are nouns.

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

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

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

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

materialization (noun)	outcome (noun)
an appearance in bodily form (as of a disembodied spirit)	something that results
something that comes into existence as a result	a phenomenon that follows and is caused by some previous phenomenon
the process of coming into being; becoming reality