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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

Union Balanced AdvantageHDFC Balanced Advantage
Union Balanced Advantage
itself
32%
HDFC Balanced Advantage
32%
itself

Most alike: Union Balanced Advantage Fund and HDFC Balanced Advantage Fund share 32% 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

MeasureUnion Balanced AdvantageHDFC Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P439% of 6986% of 109
Regular plan costs more than Direct by, a year P51.10%0.72%
Portfolio turned over a year P173%29%
Run by P7Parijat Agrawal · 8.7 yrsnot known
1-year return1.1%−0.5%
3 years p.a.8.5%11.4%
5 years p.a.7.8%13.9%
Deepest fall (max drawdown)−8.9%−10.2%
Assets (AUM)₹1,235 Cr₹1.08 lakh Cr
Disclosed history2.2 yrs2.3 yrs
Holdings · top ten weight98 · 29%326 · 30%

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.