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Up to six funds side by side, and how much of each is the same portfolio as the others. Overlap is Σ min(weight) over the stocks both hold, from the latest disclosures.

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Overlap

share of the portfolio the two funds hold in common

Edelweiss Balanced AdvantageSBI Balanced Advantage
Edelweiss Balanced Advantage
itself
0%
SBI Balanced Advantage
0%
itself

Most alike: Edelweiss Balanced Advantage Fund and SBI Balanced Advantage Fund share 0% of their portfolios. Two funds this different are doing different things; whether that is what you want is a separate question.

Side by side

record, cost, returns, drawdown, size

MeasureEdelweiss Balanced AdvantageSBI Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P470% of 109100% of 25
Regular plan costs more than Direct by, a year P51.25%1.02%
Portfolio turned over a year P1not measured38%
Run by P7not knownDinesh Balachandran · ≥ 3 mo
1-year return4.3%2.3%
3 years p.a.10.8%9.8%
5 years p.a.9.5%10.1%
Deepest fall (max drawdown)−11.1%−7.4%
Assets (AUM)₹12,896 Cr₹42,245 Cr
Disclosed history—3.7 yrs
Holdings · top ten weight— · —131 · 32%

Funds in different categories are not comparable on returns — a category error is the first thing the postulates refuse to make. Compare each to its own category on its fund page.