A cable guard for a compound bow includes a rod extending along an axis, and a base releasably fixed to the rod and adjustable relative to the rod along the axis. The cable guard includes a lock releasably fixing the base to the rod along the axis. A pair of bearings each supported by the base. The base, and the pair of bearings supported by the base, are adjustable along the axis for adjustment relative to a riser of the compound bow. The lock fixes the base at a desired position along the axis relative to the riser.