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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

ICICI Prudential Business CycleHDFC Defence
ICICI Prudential Business Cycle
itself
2%
HDFC Defence
2%
itself

Most alike: ICICI Prudential Business Cycle Fund and HDFC Defence Fund share 2% 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

MeasureICICI Prudential Business CycleHDFC Defence
CategorySectoral/ ThematicSectoral/ Thematic
Share of three-year stretches it beat its category P4100% of 33100% of 4
Regular plan costs more than Direct by, a year P51.36%1.53%
Portfolio turned over a year P152%59%
Run by P7Manish Banthia · 5.7 yrsnot known
1-year return−3.9%22.4%
3 years p.a.14.8%38.2%
5 years p.a.14.9%
Deepest fall (max drawdown)−14.4%−34.5%
Assets (AUM)₹16,090 Cr₹11,252 Cr
Disclosed history5.7 yrs2.4 yrs
Holdings · top ten weight88 · 51%26 · 80%

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.