Coming from a household that has an Xbox and Playstation, there isn't a significant difference save a few first party titles. Playstation tends to veer more towards 3rd person, "cinematic" games (God of War, The Last of Us, Horizon, etc.) while Xbox focuses a bit more on shooters like Halo/Gears. In terms of raw power, PS5 is the best. They both over subscription services that allow you to download and play from a large library of games, but, I've seen more praise for Xbox's gamepass (and use it myself sometimes).