modernize vs renew

modernize and renew both are verbs.

Word	Noun	Adjective	Verb	Adverb
modernize	No	No	Yes	No
renew	No	No	Yes	No

As verbs, renew is a hypernym of modernize; that is, renew is a word with a broader meaning than modernize:

modernize: make repairs, renovations, revisions or adjustments to
renew: reestablish on a new, usually improved, basis or make new or like new

Other hypernyms of modernize include regenerate.

modernize (verb)	renew (verb)
make repairs, renovations, revisions or adjustments to	cause to appear in a new form
become technologically advanced	reestablish on a new, usually improved, basis or make new or like new