ΔE 19.4, loose: different enough that you should pick on purpose. Magenta is a little darker, warmer than Plum.
Not as a straight swap; see the closer alternatives below. Loose match (ΔE 19). Magenta is a little darker, warmer than Plum.
The same difference applies the other way round: Plum is a little lighter, 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 Plum on the colour wheel See Magenta on the colour wheel
All matches: Plum equivalents · Magenta equivalents