Yes, .32 ACP normally has higher muzzle energy.

.32 ACP rounds run 60-73 gr at 905-1050 fps for ~130 ft-lbs normal, more for "defense" loads. Buffalo Bore makes a "+P" round with a 75gr flat-nose lead bullet, fired at 1150fps, for a muzzle energy of 220 ft-lbs).

.32 S&W bullet weights are heavier (98-115 gr), and muzzle velocities lower (680-900 fps), for between 105 and 139 ft-lbs, with some (like two Buffalo Bore offerings) running 163-180 ft-lbs).

Last edited by Blackbat242; 04/11/20.