I've done quite a bit of testing of NEWID() and randomness and it is a very effective random number generator.
As the GUID comprises of blocks of hexadecimal these blocks can be converted into integer values.
I took a customer file where the PK was a GUID and based a partitioning scheme on a converted integer value and modulo 16 and it ended up with near ideal partition distribution.
Try the following
DECLARE
@test-2 char(4),
@MyInt INT,
@SQL NVARCHAR(200),
@ParmDefinition NVARCHAR(200)
SET @test-2=LEFT(NEWID(),4)
SET @SQL='SET @MyInt=CONVERT(INT,0x'+@Test+')'
SET @ParmDefinition=N'@MyInt int OUTPUT'
EXEC sp_Executesql
@SQL,
@ParmDefinition,
@MyInt = @MyInt OUTPUT
SELECT @test-2,@MyInt