white trash vs Caucasian

white trash and Caucasian both are nouns.

Word	Noun	Adjective	Verb	Adverb
white trash	Yes	No	No	No
Caucasian	Yes	Yes	No	No

As nouns, Caucasian is a hypernym of white trash; that is, Caucasian is a word with a broader meaning than white trash:

white trash: (slang) an offensive term for White people who are impoverished
Caucasian: a person of European descent with a light-skinned or pale complexion

Other hypernyms of white trash include White, White person, have-not, poor person.

white trash (noun)	Caucasian (noun)
(slang) an offensive term for White people who are impoverished	a number of languages spoken in the Caucasus that are unrelated to languages spoken elsewhere
	a person of European descent with a light-skinned or pale complexion

white trash (adjective)	Caucasian (adjective)
	of or relating to the geographical region of Caucasia
	of or relating to Caucasian people