peel off vs shed

peel off is not a noun while shed is a noun.

Word	Noun	Adjective	Verb	Adverb
peel off	No	No	Yes	No
shed	Yes	Yes	Yes	No

As verbs, shed is a hypernym of peel off; that is, shed is a word with a broader meaning than peel off:

Other hypernyms of peel off include exuviate, molt, moult, slough.

peel off (noun)	shed (noun)
	an outbuilding with a single story; used for shelter or storage

peel off (adjective)	shed (adjective)
	shed at an early stage of development

peel off (verb)	shed (verb)
peel off in scales	cast off hair, skin, horn, or feathers
take off, as with some difficulty	cause or allow (a solid substance) to flow or run out or over
peel off the outer layer of something	to remove
come off in flakes or thin small pieces	pour out in drops or small quantities or as if in drops or small quantities
leave a formation