ΔE 15.2, loose: different enough that you should pick on purpose. Pixie Pink is noticeably lighter, more muted than Magenta.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 15). Pixie Pink is noticeably lighter, more muted than Magenta.
The same difference applies the other way round: Magenta is noticeably darker, more saturated.
ΔE is the colour difference between our two swatch estimates: under about 6 is close, over about 15 is loose. Real paints also differ in finish, coverage and how they thin, so test before you commit.
See Magenta on the colour wheel See Pixie Pink on the colour wheel
All matches: Magenta equivalents · Pixie Pink equivalents