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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

Axis Balanced AdvantageSBI Balanced Advantage
Axis Balanced Advantage
itself
34%
SBI Balanced Advantage
34%
itself

Most alike: Axis Balanced Advantage Fund and SBI Balanced Advantage Fund share 34% 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

MeasureAxis Balanced AdvantageSBI Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P445% of 74100% of 25
Regular plan costs more than Direct by, a year P51.45%1.02%
Portfolio turned over a year P144%38%
Run by P7not knownDinesh Balachandran · ≥ 3 mo
1-year return2.2%2.3%
3 years p.a.11.7%9.8%
5 years p.a.9.6%10.1%
Deepest fall (max drawdown)−7.8%−7.4%
Assets (AUM)₹3,759 Cr₹42,245 Cr
Disclosed history5.9 yrs3.7 yrs
Holdings · top ten weight216 · 45%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.