washed-out vs washy

washed-out and washy both are adjectives.

Word	Noun	Adjective	Verb	Adverb
washed-out	No	Yes	No	No
washy	No	Yes	No	No

As adjectives, washed-out and washy are synonyms defined as:

Other synonyms of washed-out include bleached, faded.

washed-out (adjective)	washy (adjective)
having lost freshness or brilliance of color	having lost freshness or brilliance of color
drained of energy or effectiveness; extremely tired; completely exhausted	overly diluted; thin and insipid