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QUICK ANSWER
"I wish" is a form of "I wish", an interjection which is often translated as "ojalá". "If I" is a phrase which is often translated as "si yo". Learn more about the difference between "I wish" and "if I" below.
I wish(
ay
 
wihsh
)
An interjection is a short utterance that expresses emotion, hesitation, or protest (e.g., Wow!).
interjection
a. ojalá
Since he bought a new violin, you might get his old one. - I wish!Como se compró un nuevo violín, quizás te regale el viejo. - ¡Ojalá!
A phrase is a group of words commonly used together (e.g., once upon a time).
phrase
a. deseo
I wish I could be there with you.Deseo poder estar allí contigo.
b. ojalá
I wish we could go back to how things were before.Ojalá pudiéramos volver a cómo eran las cosas antes.
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if I(
ihf
 
ay
)
A phrase is a group of words commonly used together (e.g., once upon a time).
phrase
a. si yo
My wife always hits me if I say something dumb.Mi esposa siempre me pega si yo digo algo tonto.
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