Chests render incorrectly in hotbar when a shader is applied

Chests (and Trapped Chests) render incorrectly in hotbar when a shader is applied.

What I expected to happen was...:
Chests would render correctly in the hotbar.

What actually happened was...:
The bottom half of the Chest rendered in front of the top half.

Steps to Reproduce:
1. In game, press Esc to go to the pause menu.
2. Go to Options and click Super Secret Settings.
3. Put a chest in your hotbar.
4. Look at how the chest is rendered at the bottom of the screen.