ΔE 21.8, loose: different enough that you should pick on purpose. Quinacridone Magenta is noticeably darker, more muted than Hot Pink.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 22). Quinacridone Magenta is noticeably darker, more muted than Hot Pink.
The same difference applies the other way round: Hot Pink is noticeably lighter, 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 Hot Pink on the colour wheel See Quinacridone Magenta on the colour wheel
All matches: Hot Pink equivalents · Quinacridone Magenta equivalents