Explanatory metaphysics aspires to explain the less fundamental in terms of the more fundamental. But we should recognize two importantly different approaches to this task. According to the generation approach, more basic features of reality generate (or give rise to) less basic features. According to the reduction approach, less perspicuous ways of representing reality reduce to (or collapse into) more perspicuous ways of representing reality. The main goals of this paper are to present the core differences between the two approaches (...) (§2), to demonstrate the distinction's significance (§3), to provide some resources for adjudicating between the approaches (§4), and to argue that the project of explanatory metaphysics needs both (§5). (shrink)