Let's look a little closer before we assume things.
Removing expansion from the equation...which may or may not happen, depending on a few variables...that would make it the near ballistic twin to the .38 LSWCHP +P at its advertised velocity of 940 fps. My chronograph testing hasn't shown that the round will consistently break 900 in a 4-inch barrel. The 147 Hydra Shok has made 920-930 from my High Power, which is the only 9mm that I own, aside from the P38 war trophy that my father brought back from the Ardennes...and I don't shoot it very much.
I only tested the one lot of HS and two lots of the .38 Special...one each Remington and Winchester...so others may produce different readings. Allowing for variables, I take the results as more of a comparison than actual velocity figures. Both calibers were tested on the same day under the same conditions.
The .38 LSWCHP +P has delivered adequate penetration in most cases, even when it expanded. I would expect that the 9mm round would pretty much match that penetration in a given situation, all else assumed to be equal in an unobstructed shot. Clothing...Body mass...angle of entry, etc. Mass/momentum is mass/momentum, regardless of caliber, and caliber and frontal area are close enough to call it equal. The target would never know the difference.