sky dive vs chute

sky dive is not a noun while chute is a noun.

Word	Noun	Adjective	Verb	Adverb
sky dive	No	No	Yes	No
chute	Yes	No	Yes	No

As verbs, chute is a hypernym of sky dive; that is, chute is a word with a broader meaning than sky dive:

sky dive: jump from an airplane and perform various maneuvers before opening one's parachute
chute: jump from an airplane and descend with a parachute

Other hypernyms of sky dive include jump, parachute.

sky dive (noun)	chute (noun)
	sloping channel through which things can descend
	rescue equipment consisting of a device that fills with air and retards your fall

sky dive (verb)	chute (verb)
jump from an airplane and perform various maneuvers before opening one's parachute	jump from an airplane and descend with a parachute