ΔE 20.1, loose: different enough that you should pick on purpose. Light Violet is much more muted, warmer than Ultramarine Violet.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 20). Light Violet is much more muted, warmer than Ultramarine Violet.
The same difference applies the other way round: Ultramarine Violet is much more saturated, cooler.
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 Ultramarine Violet on the colour wheel See Light Violet on the colour wheel
All matches: Ultramarine Violet equivalents · Light Violet equivalents