Yes.
Every identity is equivalent to a claim that two functions are equal. For example, the following is a (valid) identity from trigonometry.
$$(\forall \theta,\theta' : \mathbb{R})(\sin(\theta+\theta') = \sin \theta \cos \theta+\cos \theta \sin \theta')$$
(You can read about the meaning of $\forall$ here.)
But this is just saying that two functions are equal:
$$(\lambda \theta,\theta' : \mathbb{R})(\sin(\theta+\theta')) = (\lambda \theta,\theta' : \mathbb{R})(\sin \theta \cos \theta'+\cos \theta \sin \theta')$$
(You can read about the meaning of $\lambda$ here, although the linked page overcomplicates things.)
Of course, if two functions are equal, then they have exactly the same properties. For example, since the function $(\lambda \theta,\theta' : \mathbb{R})(\sin(\theta+\theta'))$ is symmetric in its two arguments, hence the function $(\lambda \theta,\theta' : \mathbb{R})(\sin \theta \cos \theta'+\cos \theta \sin \theta')$ is also symmetric in its two arguments.