profligacy vs shortsightedness

profligacy and shortsightedness both are nouns.

Word	Noun	Adjective	Verb	Adverb
profligacy	Yes	No	No	No
shortsightedness	Yes	No	No	No

As nouns, shortsightedness is a hypernym of profligacy; that is, shortsightedness is a word with a broader meaning than profligacy:

profligacy: the trait of spending extravagantly
shortsightedness: a lack of prudence and care by someone in the management of resources

Other hypernyms of profligacy include improvidence.

profligacy (noun)	shortsightedness (noun)
dissolute indulgence in sensual pleasure	a lack of prudence and care by someone in the management of resources
the trait of spending extravagantly	(ophthalmology) eyesight abnormality resulting from the eye's faulty refractive ability; distant objects appear blurred