Major differences I've seen are:

  • Handlebars adds #if, #unless, #with, and #each
  • Handlebars adds helpers
  • Handlebars templates are compiled (Mustache can be too)
  • Handlebars supports paths
  • Allows use of {{this}} in blocks (which outputs the current item's string value)
  • Handlebars.SafeString() (and maybe some other methods)
  • Handlebars is 2 to 7 times faster
  • Mustache supports inverted sections (i.e. if !x ...)

(Please correct me if I'm wrong with the above.)

Are there any other major differences I am missing?

handlebars.js mustache client-side-templating templating-engine
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