Short answer, yes? Long answer, it's kinda more complicated then that... here is an example as it would apply to vaping. when using a fully charged battery at 4.2 volts and drawing 40 watts would need a coild of about .44Ohms and would be drawing a nice 9.5 amps or so. if say you doubled that to a hefty 8.4 volts then the exact same 40 watts draws HALF the amps at 4.75 and needs a greater resistance of about 1.76Ohms. I guess you could think of volts as the total width of a pipe the (Max electrical capacity). For more detail you can read the Wikipedia, its not too hard to grasp.
Volt - Wikipedia, the free encyclopedia When it comes to vaping though there are a few issues to hammer out. 1, when using a mech you use only one battery (Unless you stack but thats a different conversation

) and are at the mercy of the direct resistance of the battery, mod, atty and coil. When using a VV/VW device the whole game changes to something VERY different.
There are a few ways a device, not just ecig stuff but all electrical circuits, can vary the voltage. We, thankfully, use DC/DC devices and don't come right out of the wall so we don't have to worry about massive transformers or rectifiers so the circuitry we use in vaping can be rather small and fit nicely in a mod. The easiest way is using a "Linear Voltage Regulator". These components are very inefficient and waste a lot of your power as heat and are as such not used much in commercial products and I am unaware of ANY vaping device that uses this method. You also have what is called a "Buck Converter" used with a "Switch Mode Power Supply"
https://www.youtube.com/watch?v=CEhBN5_fO5o. I have an SVD and this device uses what is called "PWM" or "Pulse Width Modulation" and this is a method of very quickly switching the power on and off to achieve that "Just Right" vape we all want. The downside is many, if not most, methods can only take the max input voltage, say 4.2V, and drop it down, not increase it. Certain complicated circuits can for sure but these will simply draw more current at up the voltage and a DC/DC converter can cost real $ to implement. So, I guess what i'm trying to say is that not all devices are made equal and many simply will not do a voltage step up like you might want it to. Just make a coil that's in the mediocre range of your device and the performance should be better and not to mention more efficient and waste less power as heat and that is ALWAYS good for vaping. You will have to read very carefully your devices manual and understand what the drawbacks are and if it can even elevate the voltage at all.
I don't know if I even helped at all or made you more confused but there you go.
Oh, and I didn't even mention the cheap Chinese clones that technically have similar performance to the originals but with the low quality of components, in reality simply don't deliver as advertised.