This question tests whether you can tell apart four community ecology ideas that all sound similar: environmental filtering, limiting similarity, divergent evolution and competitive exclusion. The clue given is that species found together at the same place and time share similar heat and drought tolerance.
Only environmental filtering explains why co-occurring species end up looking alike in a stress-tolerance trait: the shared environment lets through only the individuals or species that can already handle it, so what is left behind is a similar-trait subset.
Let's summarize:
So the process behind the shared heat and drought tolerance among co-occurring species is environmental filtering.