Two different molecular classes, frequently conflated
BPC-157 is a 15-residue synthetic sequence derived from a fragment of a gastric protein; TB-500 is a fragment of the 43-residue actin-sequestering peptide thymosin beta-4. They share a literature niche and almost nothing else. Their sequences are unrelated, their proposed mechanisms in published preclinical work are unrelated, and their analytical profiles differ enough that the same method is not necessarily optimal for both.
The most consequential practical difference is stability. BPC-157 is frequently described as unusually robust for a peptide of its size, which is part of why it is so widely studied; the thymosin fragment is highly hydrophilic and correspondingly more moisture-sensitive as a lyophilized solid. Neither property transfers to the other.
Comparisons between them in secondary sources are therefore usually comparisons of research areas rather than of molecules. Where a comparison is needed for documentation purposes, the defensible axes are sequence, molecular weight, solubility behaviour, and what a complete certificate should report for each — not relative effectiveness, which no research-use context supports.