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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

UTI InnovationICICI Prudential Business Cycle
UTI Innovation
itself
2%
ICICI Prudential Business Cycle
2%
itself

Most alike: UTI Innovation Fund and ICICI Prudential Business Cycle 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

MeasureUTI InnovationICICI Prudential Business Cycle
CategorySectoral/ ThematicSectoral/ Thematic
Share of three-year stretches it beat its category P4not measured100% of 33
Regular plan costs more than Direct by, a year P51.48%1.36%
Portfolio turned over a year P162%52%
Run by P7Nitin Jain · 1.9 yrsManish Banthia · 5.7 yrs
1-year return−2.2%−3.9%
3 years p.a.14.8%
5 years p.a.14.9%
Deepest fall (max drawdown)−31.5%−14.4%
Assets (AUM)₹790 Cr₹16,090 Cr
Disclosed history2.9 yrs5.7 yrs
Holdings · top ten weight34 · 56%88 · 51%

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.