ΔE 7.5, close: similar, with a visible difference side by side. Red is a little darker, more saturated than Terracotta.
Usually, if you are not matching paint already on the model. Close match (ΔE 8). Red is a little darker, more saturated than Terracotta.
The same difference applies the other way round: Terracotta 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 Terracotta on the colour wheel See Red on the colour wheel
All matches: Terracotta equivalents · Red equivalents