Considering the facts as Gandalf told Frodo in the kitchen when he began to worry over the ring Bilbo passed on to Frodo though reluctantly, considering that Gandalf himself did not wish to touch it, and considering that Elrond and the council knew that it was pretty much an impossible task after Isildur failed to throw it into the fires of Mordor when its maker was now defrocked as it were, I think Frodo did splendidly. He was not strong, nor knew any 'magic' to help him along. He was gentle, had never been far from his two homes in all his life. He had n othing to recommend him except a kind heart that bid him be responsible and take the ring from his beloved Shire to protect and save it and his fellows there. He was constantly worn out with fear, with fighting Sauron whose thoughts were bent toward the ring making it a never ending torment upon his mind and body. If the nine once super kings fell, if the powerful and obstinate dwarves fell, if some of the astari failed their missions, all but Gandalf that is, I am not positive about Radagast the Brown, then why such huge and unfair expectations upon a small frightened Hobbit. He did all he had the strength to do, over and over and even when he thought he was finished he somehow found the strength to go on just that little more. To show his absolutely distraught and almost mind numbing fear and weariness he replied to Sam at one point that h e could no longer even envision the Shire or the simple pleasures held within. He was like one in a dream he could not get out of, he was like one who has been wounded unto death and is feverish and rambling and in a delirium. How he could have done better I have no idea. To me this humble little Hobbit was a giant of a hero.