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The Edda, Volume 2 - The Heroic Mythology of the North, Popular Studies in Mythology, - Romance, and Folklore, No. 13 by Winifred (Lucy Winifred) Faraday
page 9 of 50 (18%)
improvement on the heroic tradition, "Courage is better than a good
sword." At every turn, Odin is at hand to help him, which tends to
efface the older and truer picture of the hero with all the fates
against him; such heroes, found again and again in the historic
sagas, more truly represent the heathen heroic age and that belief
in the selfishness and caprice of the Gods on which the whole idea
of sacrifice rests. There is also the inevitable deterioration in the
character of Brynhild, without the compensating elevation in that of
her rival by which the _Nibelungen Lied_ places Chriemhild on a height
as lofty and unapproachable as that occupied by the Norse Valkyrie;
the Brynhild of _Völsunga Saga_ is something of a virago, the Gudrun
is jealous and shrewish. But for actual material, the compiler is
absolutely to be trusted; and _Völsunga Saga_ is therefore, in spite
of artistic faults, a priceless treasure-house for the real features
of the legend.

There are two main elements in the Volsung story: the slaying of the
dragon, and the awakening and desertion of Brynhild. The latter is
brought into close connexion with the former, which becomes the real
centre of the action. In the Anglo-Saxon reference, the fragment in
_Beowulf_, the second episode does not appear.

In this, the oldest version of the story, which, except for a vague
reference to early feats by Sigmund and Sinfjötli, consists solely
of the dragon adventure, the hero is not Sigurd, but Sigemund the
Waelsing. All that it tells is that Sigemund, Fitela (Sinfjötli)
not being with him, killed the dragon, the guardian of the hoard, and
loaded a ship with the treasure. The few preceding lines only mention
the war which Sigmund and Sinfjötli waged on their foes. They are there
uncle and nephew, and there is no suggestion of the closer relationship
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