swagman vs gipsy

swagman and gipsy both are nouns.

Word	Noun	Adjective	Verb	Adverb
swagman	Yes	No	No	No
gipsy	Yes	No	No	No

As nouns, gipsy is a hypernym of swagman; that is, gipsy is a word with a broader meaning than swagman:

swagman: an itinerant Australian laborer who carries his personal belongings in a bundle as he travels around in search of work
gipsy: a laborer who moves from place to place as demanded by employment

Other hypernyms of swagman include gypsy, itinerant.

swagman (noun)	gipsy (noun)
an itinerant Australian laborer who carries his personal belongings in a bundle as he travels around in search of work	a laborer who moves from place to place as demanded by employment
	a person who resembles a Romani in leading an unconventional, nomadic way of life