Vita is basically the same chip that was in the 2011 iPad (ancient). There's nothing special about it. It isn't on par with Wii U for displaying graphics, the new most recent iPad Pro which is several times more powerful than that old iPad probably is now reaching Wii U graphics.
Just the Wii U is extremely limited compared to the XBox One and PS4 due to power consumption restrictions (Wii U runs at 33 watts versus 112-137 watts), the PSVita is at a similar disadvantage compared to the Wii U ... it runs at an average of 4-5 watts compared to 33 watts for the Wii U (not to mention a huge disparity in memory bandwidth thanks to the Wii U's embedded RAM).