diff --git a/synapse/crypto/keyring.py b/synapse/crypto/keyring.py
index 7cfad192e83a..7e7f5e64a76d 100644
--- a/synapse/crypto/keyring.py
+++ b/synapse/crypto/keyring.py
@@ -105,8 +105,8 @@ def __init__(self, hs, key_fetchers=None):
         if key_fetchers is None:
             key_fetchers = (
                 StoreKeyFetcher(hs),
-                PerspectivesKeyFetcher(hs),
                 ServerKeyFetcher(hs),
+                PerspectivesKeyFetcher(hs),
             )
         self._key_fetchers = key_fetchers