It depends on the ammunition and gun. If +P ammo and a full size service revolver like a S&W M10 or Colt Official Police are part of the equation or if the .380 is a very small gun like a Seecamp, NAA Guardian, Keltec, or Ruger LCP, then the the .38 Special is definately the more powerful of the two. However, if you were to compare a snub revolver like an older Colt Cobra, Colt Agent, or S&W M37 limited to standard pressure .38 ammo to a larger .380 with a longer barrel like a Walther PP, Bersa Thunder, Sig P230, or Beretta Cheetah, then you'll find that the terminal ballistics are much closer.
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