This info is taken from:
http://en.wikipedia.org/wiki/.38_Special
"Due to its blackpowder heritage, the .38 Special is a low pressure cartridge, one of the lowest in common use today at 17,000 PSI. By modern standards, the .38 Special fires a medium sized bullet at rather low speeds.
The closest comparisons are the .380 ACP, which fires much lighter bullets slightly faster than most .38 Special loads"
.38 S&W Special 158 gr 940 ft/s 310 ft·lbf (420 J) 17,000 PSI
.38 Special +P 158 gr 1,000 ft/s 351 ft·lbf (476 J) 20,000 PSI
.38 Special +P+ 110 gr 1,100 ft/s 295 ft·lbf (400 J) >20,000 PSI
.380 ACP 100 gr 895 ft/s 178 ft·lbf (241 J) 21,500 PSI
This info is taken from:
http://www.hipowersandhandguns.com/38specialor380acp.htm
"The answer depends primarily on a couple of things:
1. Which caliber do you think is the more potent "stopper"?
2. Which type handgun do you prefer, revolver or automatic?"
"As I see it, the .380 might be a little short on penetration when JHP ammunition is used and it expands. It seems that the average penetration depth for most JHP's in this caliber is about 7 to 9 inches in ballistic gelatin. For a frontal, face-to-face shot, this might very well be sufficient, but for an angled shot or one passing through an arm first, it very well might not.
It seems that there's just not enough bullet weight at .380 velocities to push the expanded slug deeply enough. While there certainly are felons who'll "stop" simply because they are shot, there are also those who will not unless they're physically unable to continue.In conventional JHP, .380 bullets weigh from 85 to 102 grains."
"From a snub .38 Special, HP bullets weigh from about 95 to 158 grains. These can be had with gilding metal jackets or pure lead in some cases. Where the .380, depending upon barrel length, will throw 90-grain JHP's at about 950 to 1100 ft/sec, the .38 will hit similar velocity levels with 110 grain bullets and approximately 800 ft/sec + with the 158-gr +P loads. These do offer more penetration in 10% ballistic gelatin when they expand.
Both are capable of through-and-through penetration in a human torso if they do not."