privilege vs advantage

privilege and advantage both are nouns.

Word	Noun	Adjective	Verb	Adverb
privilege	Yes	No	Yes	No
advantage	Yes	No	Yes	No

As nouns, advantage is a hypernym of privilege; that is, advantage is a word with a broader meaning than privilege:

Other hypernyms of privilege include vantage.

privilege (noun)	advantage (noun)
a right reserved exclusively by a particular person or group (especially a hereditary or official right)	the quality of having a superior or more favorable position
(law) the right to refuse to divulge information obtained in a confidential relationship	benefit resulting from some event or action
a special advantage or immunity or benefit not enjoyed by all	(tennis) first point scored after deuce

privilege (verb)	advantage (verb)
bestow a privilege upon	give an advantage to