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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

HDFC Ultra Short TermSBI MAGNUM ULTRA SHORT DURATION
HDFC Ultra Short Term
itself
10%
SBI MAGNUM ULTRA SHORT DURATION
10%
itself

Most alike: HDFC Ultra Short Term Fund and SBI MAGNUM ULTRA SHORT DURATION FUND share 10% 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

MeasureHDFC Ultra Short TermSBI MAGNUM ULTRA SHORT DURATION
CategoryUltra Short DurationUltra Short Duration
Share of three-year stretches it beat its category P434% of 61not measured
Regular plan costs more than Direct by, a year P50.34%not measured
Portfolio turned over a year P1not measurednot measured
Run by P7not knownnot known
1-year return6.5%—
3 years p.a.7.2%—
5 years p.a.6.6%—
Deepest fall (max drawdown)−0.1%not computed
Assets (AUM)₹17,243 Cr₹11,165 Cr
Disclosed history2.3 yrs5.8 yrs
Holdings · top ten weight126 · 34%64 · 49%

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.