skydiving vs parachuting

skydiving and parachuting both are nouns.

Word	Noun	Adjective	Verb	Adverb
skydiving	Yes	No	No	No
parachuting	Yes	No	No	No

As nouns, parachuting is a hypernym of skydiving; that is, parachuting is a word with a broader meaning than skydiving:

skydiving: performing acrobatics in free fall before pulling the ripcord of a parachute
parachuting: descent with a parachute

Other hypernyms of skydiving include jump.

skydiving (noun)	parachuting (noun)
performing acrobatics in free fall before pulling the ripcord of a parachute	descent with a parachute