setup vs equipment

setup and equipment both are nouns.

Word	Noun	Adjective	Verb	Adverb
setup	Yes	No	No	No
equipment	Yes	No	No	No

As nouns, equipment is a hypernym of setup; that is, equipment is a word with a broader meaning than setup:

setup: equipment designed to serve a specific function
equipment: an instrumentality needed for an undertaking or to perform a service

setup (noun)	equipment (noun)
an act that incriminates someone on a false charge	an instrumentality needed for an undertaking or to perform a service
equipment designed to serve a specific function
the way something is organized or arranged