Bingo, the recording, the engineer, the master tape, it all matters.
I can remaster stereo recordings in DSD using my Sony TA-ZH1ES DAC.
I can upmix any recording to immersive audio (atmos, auro-3D, DTS, etc) in my processor. I can't make steak out of hamburger but at least I can cook it the way I like, or even eat it raw. :)