diff --git a/.changeset/pretty-trees-prove.md b/.changeset/pretty-trees-prove.md
new file mode 100644
index 000000000000..9c5cdfa7134e
--- /dev/null
+++ b/.changeset/pretty-trees-prove.md
@@ -0,0 +1,5 @@
+---
+'svelte': patch
+---
+
+fix: use non-destructive hydration for all `@html` tags
diff --git a/packages/svelte/src/compiler/compile/render_dom/wrappers/RawMustacheTag.js b/packages/svelte/src/compiler/compile/render_dom/wrappers/RawMustacheTag.js
index 11a838ab8e95..cc382a9b0bb1 100644
--- a/packages/svelte/src/compiler/compile/render_dom/wrappers/RawMustacheTag.js
+++ b/packages/svelte/src/compiler/compile/render_dom/wrappers/RawMustacheTag.js
@@ -26,7 +26,7 @@ export default class RawMustacheTagWrapper extends Tag {
 	render(block, parent_node, _parent_nodes) {
 		const in_head = is_head(parent_node);
 		const can_use_innerhtml = !in_head && parent_node && !this.prev && !this.next;
-		if (can_use_innerhtml) {
+		if (can_use_innerhtml && !this.renderer.options.hydratable) {
 			/** @param {import('estree').Node} content */
 			const insert = (content) => b`${parent_node}.innerHTML = ${content};`[0];
 			const { init } = this.rename_this_method(block, (content) => insert(content));