At least two colour forms have been traded, one of which is more intensely-coloured and has been referred to as H. sweglesi ‘red’ or ‘rubra’. The bright red pigmentation is retained in long-term captive specimens, suggesting that it is not considered to be an artefact of diet, but we suspect it might reflect conditions at the collection locality with the reddest fish putatively inhabiting blackwater and plainer forms clearwater environments. Zarske (2014) found the two forms to be identical in terms of morphology an…

Its name appears to have been misapplied to similar-looking fishes occurring throughout much of the middle and lower Amazon in Brazil and Colombia, plus the rio Orinoco drainage in Colombia and Venezuela, and coastal systems of the Guianas. Some of these have been described as distinct species (e.g. Hyphessobrycon amapaensis Zarske & Géry 1998; H. eschwartzae García-Alzate, Román-Valencia & Ortega 2013; H. montagi Lima, Couthino & Woziacki 2014), whereas the identity of others remains un…

Despite its designation as type species this is among the most frequently-misidentified members of the genus.

This is in part because its natural distribution was earlier considered even more extensive than the still-substantial range recognised today, with populations from the Río Orinoco, Guianas and rio Tocantins now recognised as species in their own right.