I'm sure there is... just too lazy to check for exact specs... each standard has.
Sometimes I'm working on computer of my colleagues and the screens is connected with VGA Cable (the whole company uses almost the same 24 inch IPS Dell Monitors with t he option to connect to HDMI, Display Port or VGA).
When i return to my workplace (conneceted with HDMI) I see more alive colors, sharper picture and faster response overall.
I would not recommend VGA... for Full HD and good monitors (IPS, OLED etc...), adapter or cable ,just avoid it.
There is no loss of picture or missing pixels, just overall your not receiving the full power of your monitor, the quality is different and the responsiveness in my opinion.