ΔE 6.1, close: similar, with a visible difference side by side. Ultramarine Shadow is a little darker, more saturated than Navy Blue.
Usually, if you are not matching paint already on the model. Close match (ΔE 6). Ultramarine Shadow is a little darker, more saturated than Navy Blue.
The same difference applies the other way round: Navy Blue is a little lighter, more muted.
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 Navy Blue on the colour wheel See Ultramarine Shadow on the colour wheel
All matches: Navy Blue equivalents · Ultramarine Shadow equivalents