In the temperature range of high temperature co-electrolysis of both steam and carbon dioxide, the reverse water-gas shift reaction (RWGS) takes place. Prior studies were conducted with a narrow gas composition range to investigate the role of RWGS during co-electrolysis. The results for steam electrolysis, CO2 electrolysis, and co-electrolysis caused different conclusions regarding the role of electrochemical CO2 and H2O conversion compared to RWGS during co-electrolysis. This work aims to resolve the role of CO2 conversion as part of RWGS in co-electrolysis. The boundary is characterized by AC and DC measurements over a broad gas composition range from CO2 electrolysis towards co-electrolysis with nearly 50 %eq H2O. Especially, the electrochemical CO2 reduction and CO2 conversion in the RWGS are compared to clarify their role during co-electrolysis. The results revealed that gas composition determined the predominant reaction (H2O or CO2 reduction). The cell performance of co-electrolysis in the boundary region up to 5 %eq H2O was similar to the performance of CO2 electrolysis. Up to 30 %eq H2O, the performance increases with H2O concentration. Here, both CO2 and H2O electrolysis occur. Above 30 %eq H2O, steam electrolysis and the RWGS reaction both dominate the co-electrolysis process.