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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

SBI Balanced AdvantageEdelweiss Balanced Advantage
SBI Balanced Advantage
itself
0%
Edelweiss Balanced Advantage
0%
itself

Most alike: SBI Balanced Advantage Fund and Edelweiss 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

MeasureSBI Balanced AdvantageEdelweiss Balanced Advantage
CategoryDynamic Asset Allocation or Balanced AdvantageDynamic Asset Allocation or Balanced Advantage
Share of three-year stretches it beat its category P4100% of 2570% of 109
Regular plan costs more than Direct by, a year P51.02%1.25%
Portfolio turned over a year P138%not measured
Run by P7Dinesh Balachandran · ≥ 3 monot known
1-year return2.3%4.3%
3 years p.a.9.8%10.8%
5 years p.a.10.1%9.5%
Deepest fall (max drawdown)−7.4%−11.1%
Assets (AUM)₹42,245 Cr₹12,896 Cr
Disclosed history3.7 yrs
Holdings · top ten weight131 · 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.