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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 Short TermSBI ULTRA SHORT TERM
Union Short Term
itself
9%
SBI ULTRA SHORT TERM
9%
itself

Most alike: Union Short Term Fund and SBI ULTRA SHORT TERM FUND share 9% 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 Short TermSBI ULTRA SHORT TERM
CategoryUltra Short TermUltra Short Term
Share of three-year stretches it beat its category P4not measured30% of 109
Regular plan costs more than Direct by, a year P50.40%0.17%
Portfolio turned over a year P1not measurednot measured
Run by P7Anindya Sarkar · 1.6 yrsSudhir Agrawal · 1 mo
1-year return5.0%6.5%
3 years p.a.7.2%
5 years p.a.6.5%
Deepest fall (max drawdown)−0.5%−0.1%
Assets (AUM)₹107 Cr₹12,168 Cr
Disclosed history1.6 yrs1 mo
Holdings · top ten weight12 · 96%64 · 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.