Regarding David Elizondo's answer, this can give false positives. It also does not give zeroes where the values don't match.
DECLARE @t1 TABLE (
ColID int IDENTITY,
Col2 int
)
DECLARE @t2 TABLE (
ColID int IDENTITY,
Col2 int
)
INSERT INTO @t1 (Col2) VALUES (123)
INSERT INTO @t1 (Col2) VALUES (234)
INSERT INTO @t1 (Col2) VALUES (456)
INSERT INTO @t1 (Col2) VALUES (1)
INSERT INTO @t2 (Col2) VALUES (123)
INSERT INTO @t2 (Col2) VALUES (345)
INSERT INTO @t2 (Col2) VALUES (456)
INSERT INTO @t2 (Col2) VALUES (2)
SELECT
t1.Col2 AS t1Col2,
t2.Col2 AS t2Col2,
ISNULL(NULLIF(t1.Col2, t2.Col2), 1) AS MyDesiredResult
FROM @t1 AS t1
JOIN @t2 AS t2 ON t1.ColID = t2.ColID
t1Col2 t2Col2 MyDesiredResult
----------- ----------- ---------------
123 123 1
234 345 234 <- Not a zero
456 456 1
1 2 1 <- Not a match