swag vs sway

swag and sway both are nouns.

Word	Noun	Adjective	Verb	Adverb
swag	Yes	No	Yes	No
sway	Yes	No	Yes	No

As verbs, sway is a hypernym of swag; that is, sway is a word with a broader meaning than swag:

Other hypernyms of swag include rock, shake.

swag (noun)	sway (noun)
a bundle containing the personal belongings of a swagman	pitching dangerously to one side
goods or money obtained illegally	controlling influence
valuable goods

swag (verb)	sway (verb)
sway heavily or unsteadily	move back and forth or sideways
walk as if unable to control one's movements	move or walk in a swinging or swaying manner
droop, sink, or settle from or as if from pressure or loss of tautness	cause to move back and forth
	win approval or support for