diff --git a/renderdoc/core/resource_manager.h b/renderdoc/core/resource_manager.h
index c77796922..59855cbc6 100644
--- a/renderdoc/core/resource_manager.h
+++ b/renderdoc/core/resource_manager.h
@@ -843,7 +843,7 @@ void ResourceManager<ResourceType, RecordType>::InsertInitialContentsChunks(Seri
 		ResourceId id = *it;
 		
 		if(m_FrameReferencedResources.find(id) == m_FrameReferencedResources.end() &&
-			 RenderDoc::Inst().GetCaptureOptions().RefAllResources)
+			 !RenderDoc::Inst().GetCaptureOptions().RefAllResources)
 		{
 			RDCDEBUG("Resource %llu is GPU dirty but not referenced - skipping", id);
 			continue;