ΔE 12.1, fair: the same colour family, but not a straight swap. Purple Hex is a little darker, cooler than Dread Red.
Only where an exact match doesn’t matter, such as a new unit or a highlight. Fair match (ΔE 12). Purple Hex is a little darker, cooler than Dread Red.
The same difference applies the other way round: Dread Red is a little lighter, warmer.
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 Dread Red on the colour wheel See Purple Hex on the colour wheel
All matches: Dread Red equivalents · Purple Hex equivalents