Hopper Minecarts cease rendering within simulation distance

My simulation distance can be set to 12 chunks, with flying machines and redstone working just fine but Hopper Minecarts cease rendering a few chunks away from the player, unlike how Simulation Distance should affect them

 

Steps to reproduce

1) Place a hopper minecart into the world

2) Walk away from the hopper minecart and/or send it off away from the player

Observed Results:

The hopper minecart no longer renders in the player's view (noticeably close to the player) until the player gets close enough to activate it's reload into view.

Expected Results:

The hopper minecart should unrender and pause all activity when it's quite far away from the player (eg 12 chunks when simulation distance is set to 12 chunks)