diff --git a/src/wallet/wallet.cpp b/src/wallet/wallet.cpp
index 1751f56f05..628fd1e6d3 100644
--- a/src/wallet/wallet.cpp
+++ b/src/wallet/wallet.cpp
@@ -1372,9 +1372,10 @@ CAmountMap CWallet::GetDebit(const CTransaction& tx, const isminefilter& filter)
 bool CWallet::IsHDEnabled() const
 {
     // All Active ScriptPubKeyMans must be HD for this to be true
-    bool result = true;
+    bool result = false;
     for (const auto& spk_man : GetActiveScriptPubKeyMans()) {
-        result &= spk_man->IsHDEnabled();
+        if (!spk_man->IsHDEnabled()) return false;
+        result = true;
     }
     return result;
 }