panic vs fright

panic and fright both are nouns.

Word	Noun	Adjective	Verb	Adverb
panic	Yes	No	Yes	No
fright	Yes	No	Yes	No

As nouns, fright is a hypernym of panic; that is, fright is a word with a broader meaning than panic:

panic: an overwhelming feeling of fear and anxiety
fright: an emotion experienced in anticipation of some specific pain or danger (usually accompanied by a desire to flee or fight)

Other hypernyms of panic include fear, fearfulness.

panic (noun)	fright (noun)
an overwhelming feeling of fear and anxiety	an emotion experienced in anticipation of some specific pain or danger (usually accompanied by a desire to flee or fight)
sudden mass fear and anxiety over anticipated events

panic (verb)	fright (verb)
be overcome by a sudden fear	cause fear in
cause sudden fear in or fill with sudden panic