The term tetra is not actually a taxonomic, phylogenetic term. Because of the popularity of tetras in the fish keeping hobby , many unrelated fish are commonly known as tetras, including species from differing families. Even fish that are vastly different may be called tetras. For example, payara (Hydrolycus scomberoides) is occasionally known as the "sabretooth tetra" or "vampire tetra".
Tetras generally have compressed (sometimes deep), fusiform bodies and are typically identifiable by their fins. They ordinarily possess a homocercal caudal fin (a twin-lobbed, or forked, tail fin whose upper and lower lobes are of equal size) and a tall dorsal fin characterized by a short connection to the fish’s body. Additionally, tetras possess a long anal fin stretching from a position just posterior of the dorsal fin and ending on the ventral caudal peduncle, and a small, fleshy adipose fin located dorsally between the dorsal and caudal fin. This adipose fin represents the fourth unpaired fin on the fish (the four unpaired fins include the caudal fin, dorsal fin, anal fin, and adipose fin), lending to the name tetra, which is Greek for four. While this adipose fin is generally considered the distinguishing feature, tetras (such as the emperor tetras, Nematobrycon palmeri) lack this appendage. Ichthyologists debate the function of the adipose fin, doubting its role in swimming due to its small size and lack of stiffening rays or spines.
Although the list below is sorted by common name, in a number of cases the common name is applied to different species. Since the aquarium trade may use a different name for the same species, advanced aquarists tend to use scientific names for the less-common tetras. The list below is incomplete.