Possible, just indicate a separate datadir and it should run without affecting your other versions.
Either start it with --datadir="PATH_TO_YOUR_PREFERRED_DATADIR"
Or if you're in Windows, create a shortcut of it and include the above in its Properties inside the "Target" Field.

Take note that this may not work in old versions with minor version difference, e.g. v0.1.0 and v0.1.3.