skydive vs chute

skydive is not a noun while chute is a noun.

Word	Noun	Adjective	Verb	Adverb
skydive	No	No	Yes	No
chute	Yes	No	Yes	No

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

skydive: 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 skydive include jump, parachute.

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

skydive (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