There are certainly differences, in every aspect of sound quality.
But if one is expecting the differences to have some sort of 1:1 (for every $ more I spend, I will get exactly that much more improvement) correlation, that will not happen.
The higher up the scale one gets, the less the improvements will get. A $50K speaker, will not sound twice as good as a $25K speaker. But, it will probably sound quite bit better than the $25K speaker, than a $100K speaker will over a $50K speaker.
That being said, the difference the YG Hailey will have over the Monitor Audio, will be appreciable. I have heard the YG's plenty of times, and I have heard Monitor Audio before (not the ones in the link), so, I am speaking from pretty good experience. But, pretty much all aspects of preproduction will be better with the YG.