ΔE 8.9, close: similar, with a visible difference side by side. Faded Ultramarine is a little lighter, more muted than Alpha Blue.
Usually, if you are not matching paint already on the model. Close match (ΔE 9). Faded Ultramarine is a little lighter, more muted than Alpha Blue.
The same difference applies the other way round: Alpha Blue is a little 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 Alpha Blue on the colour wheel See Faded Ultramarine on the colour wheel
All matches: Alpha Blue equivalents · Faded Ultramarine equivalents