Is Elrond a hero?

Could you please elaborate on the nature of Elrond's heroism? Is he considered a hero due to his exceptional wisdom and prowess in battle? Or perhaps, it's his unwavering loyalty and dedication to his people and kingdom that earns him this title? Additionally, how does his role in the larger narrative of Middle-earth contribute to his status as a hero? Furthermore, are there any specific instances or actions of Elrond that particularly stand out as heroic deeds? Lastly, how does his heroism compare to other renowned heroes in Tolkien's legendarium?