Yes, it’s very variable from one font to the next. The font in my example doesn’t look like it has high ascenders (it’s all-caps and pretty square-ish) but internally it’s possible. Some fonts like Courier variants seem to suffer less, but I’ve tried a bunch of different fonts and which ones are impacted (or not, and how much) is sometimes surprising. I’m not a font expert so I won’t offer theories 
but I can provide a list of what I observe if it’s helpful. It should be noted that apart from the OS-provided fonts, I mostly have freeware fonts or fonts from inexpensive packages, so not all of them may be of good quality in terms of the font “implementation” and that may also play a role.