They have two completely different functions. Like @MarkKO said:
Sleeves are for comfort and joint warmth. I may get a few lbs out of them if I’m wearing my SBD sleeves. Sleeves are designed to be worn for an extended period of time like an entire training session.
Wraps are solely for adding weight to your lifts by providing rebound out of the hole. There is nothing comfortable about them. You leave them on for as short a period of time as possible. Eg; you wrap just before the lift and unwrap immediately after as you leave the platform. Most often your feet are screaming in agony in just that sort period of time.